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Well, I would probably try to test drive one first, it really isn't going to handle or be as fast as the cars you already own. Older car have their merits but tend to come at a cost of time/effort/money.
My basic line for people that want to own vintage cars is to really be passionate about the experience, it will likely not be a good financial payoff. Also, if you owned and drove something at age 18-25 and are now 45-65, you most likely have a different set of driving values, lol.
I have driven a E24 M6 and E34 M5 and not super impressed with the steering boxes these cars have, I am used to the rack & pinion 3 series and such. The e24 is definitely more of a cruiser or gt than the Z4 sports cars, much softer overall...
Good that you are upfront about mechanical ability, older cars always need something. I would definitely get a pre purchase inspection, talk to your local mechanics about their specific knowledge and advice, and have a generous budget for sorting and maintaining.
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