My first mustang

[Frankenstang65]

I'm sure you can find a mustang out there that fits the criteria, but, you may have to pay a little more than ten thousand. Most of the price guides that I checked value a "good" 65 convert in the 12-13k range. I'm sure you can find a cheaper one (under 10k) out there somewhere, but it may require a little more work to make it nice. If you go the fixer-upper route, I'd suggest trying to find a car with a great body and but is in poor mechanical shape. Learning to swap a motor or tranny is much easier than learning how to replace a rusty quarter panel or fix old accident damage. Also, mechanical problems don't really require that much time to fix. If it is a "once in a lifetime" purchase you may just want to save for a little while longer and pay a few extra grand to buy one you won't have to mess around with.

I'd look in Hemmings motor news, or the Mustang and Fords Trader to find a car. There are also a ton of classifieds on the web that you can sort through.

Good Luck.