Newest project, I must have had a moment of madness when I made this aquisition. Never a BMW fan I do however like this example and will attempt to use as a daily driver.
Update 2012: A year since purchase and other than an upgrade to the sound system and the window tint the changes have been primarily mechanical in nature including a rebuild of front suspension, new water pump , new A/C unit and complete exhaust system. Car is much heavier than it looks but is a joy to drive. I call it my "German Impala". All mechanical has been performed by Forza Motors in Texarkana, TX. and they have done a wonderful job in bringing it up to spec. Next stop is paint and interior.