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Old 10-05-2011, 01:53 AM   #58
sea6speed
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Join Date: May 2010
Location: Seattle, Washington
Posts: 1,450
My Ride: 2011 135i 6MT
Based on the position you describe, I'd recommend getting an E30 and swapping in an S50/S52.

Spending $5K on a high mileage early E46 just to dump a bunch of time and money into it is probably not worth it. If you have the time and resources, invest it in a car that you'll be able to sell at break-even or better.
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