I would think that you really need to want this truck. They do get expensive to restore and is this a truck you would seek out if it wasn't being given to you?
Tires and brakes alone could eat up thousands of dollars before you could ever drive it. Ok if you really want this truck, but sounds like you are in the process of restoring another one.
If you had a place to stash it for a few years for free would be a little different.
I would pass.
