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Eric,
Who did you purchase the engine from? Did they give any warranty? Even most junk yards will give a 30-90 day exchange warranty. Talk to whoever you got it from and see if they'll do the right thing and swap it for one that runs.
You'll be out whatever you paid for labor, but you would still be better off.
As far as doing it yourself, it's a big job (time) and unless you have proper tools, difficult.
__________________
Mr. BILL
91 300E 120K
90 300SE 275K (sold)
92 BMW 525iM 120K
90 BMW 525iA 175K
85 300D 175K (sold)
84 300SD 245K (sold)
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