I've been doing electronics repair since the days of vacuum tubes and reel-reel decks, and still work on pretty much anything analog without often needing a circuit diagram.
There seem to be three classes of gear:
- Collectible, remarkable stuff that's always worth restoring (think Ferrari)
- Stuff that you might be worth the effort, but it has to be in great shape before you start (think Alfa Romeo)
- Stuff that wasn't great to begin with, and should only be done for sentimental reasons (think FIAT)
Almost always, you'll never get your money out of restoring old gear, even if you do it yourself. It's a labor of love, and can be fun just for the challenge. For example, I brought a stunning Dokorder 4-channel deck back to life, but I learned the hard way about the problems of circuit-board feed-thrus and designs that heavily used relays (like, 20 of them). I probably put 100 hours into it.
I'm happy to provide guidance on the details of restoration (in particular, ways to save time), as well as some "reality therapy" about the worth of even beginning the project.