Excellent.
Cheers for the context. I'm certainly not suggesting 'dont do it' - in fact, I've taken another one of these on only recently.
My opinion is that the water pump/timing belt/tensioners task is cheap enough in terms of parts. The front suspension and brakes task has a heavy parts list.
In my case, I was insistent on a T5 as a starting point and my existing parts stash made a V70 a better option than an 850 for me.
Mine needs paint (top surfaces are bad, but the rest is decent), the interior is very good but its beige (so I'll swap it over) but mechanically it is pretty good, save for typical front end items.
None of this worries me and I'm really working through organising the parts I want at the moment and I'm a very long way past the $3k spend (not including the vehicle purchase).