Thanks for all the nice feedback. I wasn't sure I could post, but looks like I now have official clearance. The car we got looks like its a 3rd owner or so, has a pretty extensive service history, with many mods done. When I get home I'll post up whats exactly been done to the car, but off the top of my head. Ceramic coated exhaust, enlarged throttle body, aggressive cam, 18" rims, roll bar, suspension, the list goes on. We are a tad nervous owning it since with all the work, it might be hard to diagnose any issues, but for now everything is running like a top!
I'm not sure of the forum etiquette so I'll start a new thread about that stuff, until then, happy holidays.