Personally I have found little difference in value between a $100 vehicle and a $4000 one. You still are likely to need brakes, trans, motor, and body work; you will also likely need tires.
If you get EVERYTHING Possible at the BIG junkyard you will have $100 in new brakes from a brake shop, $300 or so in the trans work at a trans shop, $800 or so in engine renewal, and $500 or so in body work. Another $500 will give you a GREAT paint job if you do the masking tape work. The tires can be gotten "used" from the junk yard for $30 each (new or nearly new and larger than standard size).
Start with a CHEAP vehicle and a couple of thousand later you have a reworked dependable vehicle.
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