Oops. Didn't notice the replies here. Thanks for the welcome everyone!
I'm located in Waterford, MI. Close to Detroit.
As for the cars shape, the pictures taken from my phone are pretty deceiving. Upon closer inspection after getting the car home, I've found that the rockers are rotted pretty bad under the side skirts and the floors on both sides are exposing some carpet from underneath. I despise doing body work, but will most likely attempt to remedy these issues down the road with the help of my Dad, who is very handy in the aesthetics department. The other notable appearance issues are common and minor, such as the usual melted '94 tail lights, a seperated seam in the drivers seat and a semi ripped soft top with a dry and cracked rear window.
I don't want to ruffle any feathers over modifications, but I'm not overly concerned with the car holding value. I did actually pick this one up because I understood the 94's rarity, and paid close to what could've gotten me a running/driving 91-93. The previous owner had been trying to get rid of it for a very long while, and I don't think it would've met a favorable fate had I not found it. That being said, the modifications that I have planned will only change things mechanically. When everything is said and done, I want the exterior of the car to appear to be a factory stock '94 XR2. Plus, anything I pull off the car will hang out in my garage incase I ever decide to return it to stock.
My plan for the car is for it to be a "as low buck as possible" (and reliable) sleeper. The goal is to get the car to dyno as close to 250hp, while spending as little as possible on modifications. The Capri currently shares my garage with my 1993 AWD Eagle Talon. I have plans for the Talon, but they will be happening slowly due to costs (Trans rebuild, Cams, nicer FMIC etc. $$$). Since I love wrenching, I wanted something to do out in the garage while I'm trying to save for the next big part for the other car. In fact, I've actually scrapped the F2T parts idea and will be sourcing many items from my large 12 year hoard of stock DSM parts to modify the Capri.
At some point I will be posting a project log on here outlining my plans and progress. I'm going to be attempting something unique as far as tuning for the B6T, mostly because I refuse to get into MegaSquirt... I just haven't dug into the Capri much yet because my priority has been trying to finish and sell a broken POS WRX that is scattered all over the garage...