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$1800 for a running 300zx is a steal. If you can get the car for less, great. However, don't think that this will be a cheap project just because the car itself was cheap. I highly recommend doing a compression test though to make sure the cylinders are within spec.
More than likely you'll realistically need to do a 120K timing kit, replace the EFI harness, fuel injectors, fuel hoses, power steering hose and suspension right off the bat. Your horse power goals are easily obtainable, but you'll have to pay a lot more to reach that goal. Luckily there are a lot of shops that cater specifically to the Z32 and continue to develop new parts for it. Be sure to check out SpecialtyZ in CA if you do purchase a Z.
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