Well it took me awhile to get around to this, but hey i'll be updating the pics as progress goes along.
I picked up my Diamondschwarz '91 318is in March 2006 from some shady greek kid who "upgraded" to a 91 MR2 turbo. He claimed to only have driven the car 1mo but according to CarFax it was under his possession for like 6months hmmm... Well I test drove it and checked it out, interior is damn clean, crack-free dash, clean vinyl seats, 2 small tears but nothing big, bolsters still hold pretty well. The body is clean minus a ding on the pass side frt fender and some damage to the rear metal valence when the car was once towed on a 1/2 truck other than that no rust to speak of. He was originally asking close to $3k but I talked him down to about $1900 and I was off.
First thing that needed work was the rear driver wheel bearing. I had this done professionally and off I went.
I found that even with my 3 other cars, I enjoy driving this one the most. Its soo much fun, even with blown suspension. The clutch still grabs well and the shifter is still tight. Steering is a lil loose but I suspect tie rods or CAs which is on my suspension to-do list anyway.
I've since done a full tune-up, replaced the in-tank fuel pump, added Depo ellipsoids ($150 new whatever), IS lip spoiler, and my old Kenwood Excelon MASK headunit for the '90s effect.
Funny enough, I've driven the car more than I snapped pics of it, so here is how the car is currently 6/2006.

after a wash

another after wash shot

quick pic after installing the ellips

my best interior shot to date

My motor sans valve cover
Right now, im waiting on a set of IE Stage 3 springs. I currently have all new coolant/vacuum hoses waiting to go in after I take off the valve/intake manifold covers and powdercoat them while out, Bilstein Sports, new controls arms, bushings and see where im at then.
Long term I will either drive the car as a daily beater and sell it in a year or 2 or if the motor lasts me longer, may respray the car and do a future rebuild. My goal now is daily driveability and spirited driving. Hope you enjoyed the pics.
I will update as I go.
- Frank