John, I have had 2 of them, both E36s though (the style before the E46 you are courting) and I loved them both. Had an anemic 318i 4 cylinder (first car) and a 325i four door. Neither would win any races, but they treated me very well and I only had a few overpriced repairs (and mine were both over 100K). As long as you know someone who knows Bimmers, and will not take advantage, I think you would be fine, as I am sure most of the smaller stuff you would do yourself. Great cars and a good value at that price.

Rick, is it just me or does the spoiler on that 3 series look like its still in black primer?