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I kind of agree with BC It could be very expensive to maintain a 25+ year old MBZ unless you do the bulk of the work yourself. You can also over repair the car as it isn't worth much money.
However, you have all the time in the world to get it right slowly as it is not your DD. There is a right way and there is cowboy way to fix a car. There is cheap way or expensive way as well. Make a list of what need fixing and prioritize them based on safety, ease or costs. Do it gradually over time.
I spent very little money on my cars but they are all in tip top conditions, at least 3 of them. The other 2 in 'restoration' in progress. I use snake oil like 'Blue Devil' to fix head gasket with good success. So do not lose hope. I also work full time and do not have much time to work on them. I get parts from JY when they are on 50% sale, Ecology in San Diego.
You would find the SDL is a worth your time or money ( depends on how much ) to fix it up. My rule of thumb is that if it takes more than $3k to fix a problem then I will push it off the cliff or sell it. I live in San Diego and PM me if you want some pointers. Physical help, possibly, but I cannot promise.
Happy motoring.
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