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With that info, I'd fix it up enough to enjoy and not go crazy about it. Do the mechanical work necessary as outlined above. A new steel bonnet will cost you, so I'd live with the fiberglass. If you've got some fiberglass skills, lose the front spoiler and flares. I think Miata seats will work. Smooth out the body and don't go thinking about stripping it to bare metal. Whatever is there is there. Shoot it with hot rod primer or plasti dip or a Maaco job. Do it cheap and just enjoy the car. Otherwise, you're going to spend more on the car than its probably worth. It will still be the most fun you'll have on four wheels.