Thanks DesktopDave, I will definitely check those things out. I was kind of surprised by the non-sunroof, I was under the impression that all e30's had a sunroof. The car had around 200K miles on it before the odometer quit, so I am guessing the engine needs a good check up and tune up. I am under the impression that the car was properly maintained and adult owned since it still has the original paint and radio, and the engine runs like a top, the oil isn't even black yet. I am going to do a basic compression check and visual hose check before I start to dismantle the car for paint.
I am kind of wanting to go in the direction of Titanium silver BMW color I really like.
The headliner is actually tan colored.
Nice ride...I have the same interior in my 4-door (a 325is donated it). That silver/black combo is my favorite. Welcome to the club. I don't think that your car is especially stripped...most of us don't have cruise control and many don't even have an LSD. Your car is pretty rare...the e30 'slicktop,' best for racing because of the reduced weight. You have the black fabric headliner too, right?
Check the upper oil pan bolts as soon as convenient. The front few bolts can loosen and let air into the main gallery, destroying your engine. Replace the oil seals as they all seem to leak. Verify that the timing chain tensioner is the updated model; otherwise the chain will eventually destroy your timing case.
Vac hoses are a headache...replace them/delete them or eliminate the throttle body heater entirely. Many of us have disabled the power steering and/or swapped it for an e36 rack. A few have done 5-bolt swaps.
Other than that, check the usual e30 trouble spots...sunroof drains, passenger firewall drain & main plenum for water leaks (before the firewall and driver's pan rusts out). Rear lower quarter & frame rails are also pretty vulnerable to corrosion. Rear shock mounts, front control arms, the usual suspects.