The thing doesn't look too terrible, but it will need another gas tank unless you're as talented as Cliffrod.
I've managed to get bikes up to speed fairly cheaply. Usually most of the parts are still in decent shape and just need a cleaning. Well, except for clutches - every one of my Guzzis has needed clutch work. But I usually don't have to spend more than two or three hundred whipping one into shape. Getting it looking like new - that's a whole nuther thing entirely! Usually mine end up looking like well-taken-care-of survivors which requires working through the issues and correcting what's wrong. I don't replace carbs, much less carb kits. I've usually got good used parts to replace bad stuff - and even then, I'll figure out a way to repair stuff that often gets tossed. I'll remove the dents, dings and scrapes and touch up the missing paint. It's more fun that way, and gives me a lot of satisfaction.
The problem with full restorations is it's hard to sell them for as much as it took getting there.
You're too kind... I'm looking forward to getting back to working on my bike.
Back in March when this - stuff stalled arrival of the next stone and resulting income, I jumped into a much needed full tilt reorganization of my shops and storage. Before I was finished, the stone & more long-sought-after equipment arrived. the end point moved again. Not quite done with the shuffling and keep/discard decisions yet, but it's getting lots better. I can see a stopping point. It will be great to once again have my wood/model and metal shops as organized and functional as my stone studio. I'm looking forward to making even more parts for my Guzzi.
Years ago, I would have been pretty enthused about a bike like that Eldorado. Btdt.... Now I've got enough projects and even less money & space for them. There are some costs to making a bike roadworthy that aren't avoidable, but there's often wiggle room there. My Corsa Record needs some level of mechanical rebuilding, so I'll do it after all is built and sorted The cosmetics are less important to me.