I'd have thought you could get there for a reasonable cost with an R34.An R34 GT4 (Non turbo AWD) would be a better base, for the price of them or even a GTT your halfway to an early R34 GTR, without even factoring in all the parts to buy/upgrade/change + labour.
Cheaper? Probably not.
Re-sale would be worth a shadow of the conversion costs, no one wants to pay GTR money for a 'nearly GTR'
It'd be a waste of time to do much more than I've suggested above. Once you'd bought everything to make an R34 GTR replica you might as well have bought one.I would be doing all the work my self I would like it to be a nice project in my spare time. I love the look of the R34 and especially a GTR. What would i have to do to make it run, sound and look like the GTR and what would be the best baseline to start with? thanks again