CJ 1 was T-Boned, and poorly repaired. It will rust through by August. And the Bondo will flake off on the way home.
CJ 2 has diamond plate slapped over rust. You'll be shot if you point this out or try to get the price down.
BOTH are nightmares.
If I understand your biz model, you find solid vehicles, spiff them up nice, do the scheduled/needed maintainence and flip 'em. Sounds like a good plan. IMHO, CJs are not conducive to this. Almost all that make sense on paper WILL have rust. While the drivetrains are very good, there are alot of parts that can go bad. Basically 2 trannys, 2 drive axles, etc...
Unless you want to buy 70%-90% completed, but abandonded (sp) projects and finish them...stay away. Usmade ually all the parts are there, rust fixed and drivetrain already re-furbed.Some assembly required. Keep in mind your buy in will be 5-9k and another 1-3k to finish. But you will make 3-5k on each unit.
Personally, the money to be made is in the XJs. I call them "Baby Grands, or box Jeeps. They have a solid driveline, tons of J-yard parts, easy to work on.
Sorta like this: http://cgi.ebay.com/ebaymotors/CHERO...item35c3da3662
Good luck. And remember this is just 1 clowns opinion that's been around jeeps 4-evah, and sold them in the '80s.
Edit: when my brother sold jeeps in the '90s, he bought abuot 5 ratty trade in XJs/year at wholesale, did what you did, and made a killing!