Originally Posted by Myosmith

I always hate telling people this, but your Huffy project is not worth the time and money it is going to take. The only way you might come out OK is if you can find the parts you need, in working condition, for little or nothing from a donor bike or at a bike co-op. There is something to be said for the experience in bike repair you will gain. It still is going to be a lot of work for what you will end up with and I'm concerned that a bike in that shape may be a bottomless pit once you dig into it as, if there are so many obvious things wrong, you may find other problems as you go along (bottom bracket and wheel bearings being high on my list of suspects).