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Hard to find the right car! All candidates are old and high miles, generally speaking. I looked for a Boxster for a very long time, all the cars locally had issues, all of them! Finally got a CPO from the dealership, paid a bit more than "market" but it was the right decision. No issues and for 2 years they fixed everything, no questions asked, that alone more than made up for the initial higher price.
Above is just an example on how another approach might look like.
If the engine checks out and the rest of the car looks fixable and you have fun wrenching I'd say go for it!
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'14 Boxster
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