Searched, doesn't look like we've discussed these at length. There's a few nice ones in readers rides, so I'm sure there's at least a few people with some neat knowledge about these things.
Neighbor has a decent '88 project that's he's probably never going to touch (dude has 5 other project cars and just dragged another shell home last night). It's not for sale, but I'm sure if I made a decent offer he'd let go of it. The body is straight and relatively solid, with a bit of what looks to be easily fixable rust here and there. The interior is nasty, but I'm not to concerned about that. He claims it runs, but very poorly.
Common rust areas? Anything structural? Seems that headgaskets are a common problem with 7m motors, anything else to look for without fixing it before I buy? Is 400hp a reasonable goal with a stock bottom end without being on the ragged edge of reliability? Do they handle halfway decent?
This would be a DE car with occasional street use, so comfort isn't really a concern. Will this thing just be a heavy pig that bankrupts me by eating tires and brakes?

