I'm surprised he sold it after going to the trouble of getting a quality rebuild done, but I can understand why. He was very unlucky to buy a car that instantly had major issues. It does seem very unusual that a car that supposedly had an LN IMS installed at 18k would then experience an IMS failure.
My comments are not specific to Hammerhead, but I have noticed that as 986 prices have dropped more people are buying them very cheaply, often without a PPI, and having a lot of issues. If it cost less than $10k, you are going to spend at least $10k by the time you get it running properly. Anyone who buys a Porsche and expects the parts and repairs to be cheap is dreaming. I wish more people (again not specific to Hammerhead) knew what they where getting into when they bought a 986, because a lot of them are getting destroyed by owners that doesn't want to spend the time/money to maintain them properly.
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1999 Ocean Blue Metallic Boxster - blueboxster.com
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