I have often wondered why old airplanes rotting away on a ramp don't get bought up and converted to experimental, as a means of less expensive restoration.

I stumbled across this page, http://www.v8seabee.com/regulations/united-states.html , which described in general how to convert an old salvage plane to experimental.

Has anyone followed this route with their project, and if so, has it been as straightforward as that article would imply?

Thanks in advance. -glen