Wow, $1000, post pics, mileage, history etc. Hope you got a gooder and not a money pit. Truth be told, they're all money pits , only difference is how much we payed for em.

Snoop around in the archives, check http://www.bmwe34.net/e34main/trouble/what_will_break.htm for some common issues. Do a compression test (if not already done), buy a Bentley manual yada yada....

Welcome and good luck,

Dave M