Just found the out the wheels are bent up pretty good. The tires don't pass inspection, but the guy I bought it from is going good on them. He said he would replace them with 4/32 tread. They are used, and they don't match, but it will get the job done. It does have a oil leak out of the valve cover, but that is an easy fix. It may also have a coolant leak, but I think it's just a dried out seal on the radiator cap. I'm going to dig in to this thing and see what I can do myself and what needs to be done.
Wish me luck. All it takes is time and money, right? | 
Just bought my 1998 318ti and love it. 
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