I just got back from his house and took a -real- look at the critter... gonna pass on it I think. The first drive was just a quick run around the block. Now after it has been sitting for a day and Ive had time to look around it I see what was once a nice car that has been abused to all hell.
All of the exterior trim is peeling away or warping in some fashion, all 4 wheels have been curbed and have noticable damage along the rims, and the interior is so-so condition. Also, I didnt notice it as much the first time, but when I opened the door today I was hit by a wall of stench that I think resulted from a smoker. As I sit here typing this I can smell the M5's interior stench still clinging to my jacket... all of this for 12k
And the really funny part to all of this? From 15-20 feet away it looks immaculate (did I mention that it is black?). Gonna pass on it, thanks for the input everyone. Going to check for some ones in better condition and will let you all know what developes.