Craigslist find: worth it?

[Contra]

Yeah, not sure why I wrote impartial. I edited that bit out. In terms of stuff missed in the PPI, what else should I have asked for? Either way, I think I am going to pass on it. I figured I'd just check here to make sure I wasn't being picky because I don't really have any idea how to value the car. When I look at e30s for sale, I usually find either $10,000 and in spotless condition, or $2,000 barely runs POS. I wasn't sure if this was on par for a $4800 car, but I feel like it probably isn't. Thanks for the advice though

[roguetoaster]

(impartial to 318 vs 325, although 325 is preferred)

What? Impartial means you treat all items to be considered equally, and value none above another.

Also, probably repainted, baked interior speaks to how the car has been cared for, and the inspection does not seem at all like what is normally written for a PPI as it fails to cover several important aspects of the car. Pictures of the undercarriage are a must if buying remotely, especially when the rear valence appears to have been changed/altered, unless it's not an original M42 car.

I feel like we probably have a thread for this, and if we don't we should have a "should I buy this POS clunker I found buried in bat guano in a cave in southern Afghanistan for way too high of a price?" thread.

[Contra]

I have been searching craigslist daily for the past 3 weeks looking for a clean 1990+ e30 coupe (325 is preferred) and I came across this post: https://greenville.craigslist.org/cto/6179191717.html

I have been talking with the owner for a week, and I got his price down to $4800. I live about 200 miles away in GA so I had him take it for a pre-purchase inspection at a BWM mechanic and this is what he found:

"Car runs and drives good, clutch and synchros good. Steering wheel is
about a qt turn off, but drives straight. SRS light is on, but my tool
to get the codes broke years ago. A/C does not work, belt is missing but
compressor does turn ok by hand. Did not see any evidence of frame or
wreck damage. There are a couple small spots of surface rust were the
rocker panel's have been bent or scuffed up. As you know the dash top is
cracked up and the drivers seat is rough. All lights, wipers, windows
etc working. Suspension in good shape. No wet oil leaks but does have
some build up from oil stand and or timing cover gaskets seeping over
time. Has the usual E30 gas tank dent in the right side tank."

Some of that stuff like the small bits of rust and SRS light has me feeling kinda concerned. Not because it seems dangerous, but I feel like for $4800 an e30 should have less issues. Am I being too picky? Is this a good deal?

Thanks in advance!