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Should I hire a local expert if I'm buying a car out of town and can't go there myself?
Ummmm, hell yes!
Should I get a PHS?
Yes.
Should I buy a project?
It depends on several factors... 1. Are you a sadist? Ok, just kidding, but before buying a project, make damn sure you are prepared for the financial and emotional aggravation that goes along with it.
Can I get my dream car at a discount?
Yes if your diligent and willing to make some concessions on your car option list i.e. Motor, tranny, color.
Can the car I buy be an investment?
Short answer, yes, but like any other investments, a lot of research and discussion is required and there are no guarantees.