Jeff,
Welcome to the M forums if you end up buying one!!
You won't be disappointed coming from a Q.
early model M's have had issues with the fuel gauge/trunk and hood struts going bad
the VK motor for some has had some issues with oil consumption
check out this thread for the earlier model M's:
m45-2003-2004-common-problems-t468372.html
I have a 2006 M45-bought used at 41k miles, it is my daily driver and is now at 83k
I replaced my rotors and pads at about 45k miles (many complain that the OEM setup is too small for effectively stopping such a big/heavy car) , search Brakemotive kit for a more economical but effective setup
I have experienced a little of the tramlining many have described, but have the RSA crap tires that most on the forum have complained about--will be replacing those in the next few weeks or so.
I have NOT had oil consumption issues, but put in a catch can, because these motors do burn a small amount of oil.
I have NOT had the front (driver's) seat rail problem (poor weld for some which breaks and seat becomes loose)
I have NOT yet had a problem with the front wheel hubs going bad.
I LOVE my car and have done quite a bit of maintenance on it myself (much of the help from the DIYs Ilya has posted on the site: brake job, belts, oil (once--just a pain to get the plastic lower cover off 'cuz it's fastened with like 21 bolts), drain and filled transmission fluid, exchanged power steering fluid, replaced in cabin air filter, replaced the hood struts, and have done the Nav hack the old school way--cut and spliced wires (didn't use the aftermarket wire harness)
Hopefully, you find the right one and pull the trigger.
Good Luck with the search.
Craig