Should I risk it?

[SkinnyBAM]

Ok, so i bought a 95 GS-T from a charity where it was donated. The car didn't come with the head and had signs on the top of the pistons showing that the timing belt snapped. So what i did was tested the pistons to see if they were ok. They all moved fine but the first one made a kind of squeaking sound. Since the car was donated i have no information on it, as far as i know the transmission could be shot, or could be in perfect condition.

My question is should i risk buying a head and seeing how everything works or should i sell it before this costs me thousands of dollars?

A few things to keep in mind:
I do not have a lot of money to spend, as of now about 1k
The car has 147k on it
This will be my daily driver

 

[SkinnyBAM]

if you dont know what sleeves are you dont need to be doing motor work, and BTW since you have rust on the cylinder walls you are going to need to take it all apart and hone it or else you engine is going to #### up if you put it back together and try to run it like that

what if i get the rust cleaned up?
its only at the top of one of the cylinder walls

 

[gurmanator]

what if i get the rust cleaned up?
its only at the top of one of the cylinder walls

read your replies...I explained it for you