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Fact is, you're going to be buying a used car. All the standard rules of used cars apply to 240's. Plus, with the drifting trend it's hard to find one that hasn't been beat to shit.
That having been said, if you plan on modding a 240 and still use it as a daily driver make sure you have a back up vehicle available.
Once you start messing around with your engine make sure you've researched as much as you can and be sure to have an outline of exactly what you want to do to your car. An engine is a system, so once you start tinkering with individual components chances are that you're going to have to fix/replace/add/take away something.
The best advice that I can give you is to buy a stock 240 and learn to drive it. As exitspeed already mentioned, take it to the track and really drive the car. Then work from there. Too many fanboys come on zilvia.net with grandiose plans of building a 350hp SR20's without knowing what the car feels like or how much money and time it's really going to cost them.
Having said all that, the only way to do something is to actually do it. Reading can only impart so much knowledge. Actually getting your hands dirty is another matter entirely.
So, go out and find a reasonably priced 240 and test drive it, then see if you still want it.
Everything else will come in due time.
Good Luck!
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