Actually, yea you guys are right. This is basically a build thread and it'd be great to have a few followers. Most of the fun I have on nico is following other people and their cars/builds anyways so, here's some pictures as to where I'm at with the car now!

Here's the car, it's a 1991 LE hatchback (automatic), picked it up for 900 with a plethora of problems. I though I had a steal at the time, haha. picked it up from a smalltime dealer, it stalled on me while in traffic which freaked out the owner of the dealership into letting it go for cheap. He was originally asking 2000. Body wise, not much rust if any, not even on the upper suspension mounts! The only place I've seen it was on the brake master cylinder. It definitely needs some paint though.
When I first got it my friends and I purchased the timing kit rebuild from ams and figured we'd tear into it ourselves. It misfired pretty bad and ran extremely slow. I "raced" my friends jetta, not really a race but i've got no idea what a stock 240 feels like and needed a speed gauge, it lost pretty terribly. It took us a while to figure it out but it was a bad fuel injector in the 4th cylinder. Once we got that repaired the engine kicked out smoke like crazy, especially under throttle. So my friend and I tore back into it once more figuring it was a leaky valve seal. However, now that I've gotten slightly more knowledgeable about these cars I realize it was due to installing the Cometic hg without any sort of prepwork besides a dremel/wire wheel to clean the old gasket off the block... But that leads us to where I've got the car now.

Pretty much exactly like that with the exception of a few towels and a tarp over the block. You can also see the Hyundai which recently died on me. I was going to give it a medal of honor if it could have lasting me through finals with all it's problems but it failed just 2 weeks short.
Here's a few pictures of our teardown in the driveway:
We took off the head and struggled with getting the collars off until my friend had a pretty good idea. He saw that i had an O2 sensor socket in my toolbox and figured with the help of that and a magnet we could probably pull them while pushing down with a slightly drilled 2x4 to keep from slipping off the socket. Turns out it worked very well! Even though we were working in the grass we managed to not lose a single collar!

We also used a nerf dart to get the caps off, haha.
Here's a shot of the "organization" of our teardown project. I hate not having a garage
Once we had the head completely disassembled we cleaned up the valves using some simple green and a toothbrush.
Dirty
Clean
Here's another shot of the car. You can also see the wheels it's got on now.

I actually don't think they look too bad on it, it could have been worse. 3 out of the 4, however, don't hold any air which is giving it that nice low look. That and being on gravel.
Almost forgot! I've got a 5speed swap ready to go in, thanks to Didderson (finally here's that build thread you've asked for), and now looks like the perfect opportunity to dive into that!
So yea, 5 weeks to work on it, 2000 to put into it. Maybe I should buy a used engine and just swap it? Do you think a rebuild is plausible for those time/money requirements?