Worth it or dont even bother?

[FreakSe7en]

First thread to the site, take it easy on me.

I just recently picked up a 91 240 from my brother. the price was low so i figured even if this was goner that i could at least part the car out and make a profit. I do have experience doing body work when i went to a tech. school, but we never did get into rust repair. Our teachers said it would be too long of a course to get into, but they did offer it as class you could take outside of school. so i never learned that part of "auto collision repair"

so, just how bad is the rust that i have on my 240? Im really hopping she can be saved, only has almost 72,xxx on the odometer, and the interior is clean despite drivers seat wear and the need of a vacuum. but this rust....it scares me to be honest.

anyways here are the pictures i took a few hours ago.