Yep, be extra careful on the rust front, this is something that will cost the most and be the most unrewarding job to fix.

A solid body, HPI clear, go for a mildly modded motor, something with some history and bills for bits done.

I personally thing you'll pick one up that ok for that money without many problems, just look at as many as possible and don't be affraid to travell to see them.

Look back over the last few pages of the cars for sale section, some may still be for sale, ready to be snapped up.

I wouldn't go looking for a 250bhp S2, as for your money, it will either have been done on the cheap or a tired old dog, either way ready for a rebiuld or scrap. Look for a solid body decent paint, ok trim, poss alloy radiator, K&N, Stainless Exhaust, chip, and a decent suspension set up.

If I see out I will let you know.

Welcome to the site

Matt