Just bought a S5 TII for $50!
Make sure to flush out the old brake fluid in the brake and clutch lines. It's probably contaminated with water. Also, grease the brake caliper pins and make sure the calipers are floating smoothly. If the grease on the pins is dry the calipers stick and only one side of the brake pad will engage the rotor. Really common issue with old brakes that makes the brakes feel weak.
I tried to find if you posted the year of the car, but didn't see anything in these four pages. What year exactly?... If you tell me it is a '91 TII, I'll throw a turd at my sleeping girlfriend right now.
Enjoy, it sure sounds like it ended up in good hands.
Nice find. I just became an owner by inheritance of an 87 turbo II which was in shop being built when death occurred. I intend on advertising it soon as I get enough posts. I decided to have the car finished thinking I could get my $ back. Got 6900.00 into it and am hoping to get it back. Do you think this price is fair for car with following description. Please advise. 
Most of the track-ready work was done by Trackforged of Troutdale OR (parts and labor). The engine is an S4 with an S5 turbo upgrade and Microtech computer.\\
The engine is newly rebuilt replacement by Pineapple Racing, Troutdale, with less than 100 miles (mileage on car misleading).
Car runs great at greater than 200 HP (currently tuned for road).
The car has many new parts including:
Precision Injectors (set of 4), RP fuel pump, LT8 universal harness, o2 sensor, NGK wire set, open circuit relay (fuel pump),
thermotec heat wrap, Koyo 2-row cooler radiator, thin fan zergo 14", new battery and terminals, high perf. Exedy clutch,
custom Megan Racing full body adjustable coil over suspension, Turbo X8 dual stage boost, Greddy turbo timer,
new intake and exhaust gaskets, new oil metering tube and lines. Set of 4 custom Speed Star D5R wheels with Michelin Radial X 225/40 18" (front wheels not currently mounted). Sparco racing steering wheel. Seats like new. Includes custom 1/2 roll bar (pic available on request). Car has no rust.
Slight dents in driver-side door and rear fender. Moon roof open mechanism not functioning (stuck in closed position). Radio console is gutted. Front head light up/down not working presently (stuck in up). Receipts of purchased parts and professional labor included. Must see. Title in hand. Can send pics if you wish.

Most of the track-ready work was done by Trackforged of Troutdale OR (parts and labor). The engine is an S4 with an S5 turbo upgrade and Microtech computer.\\
The engine is newly rebuilt replacement by Pineapple Racing, Troutdale, with less than 100 miles (mileage on car misleading).
Car runs great at greater than 200 HP (currently tuned for road).
The car has many new parts including:
Precision Injectors (set of 4), RP fuel pump, LT8 universal harness, o2 sensor, NGK wire set, open circuit relay (fuel pump),
thermotec heat wrap, Koyo 2-row cooler radiator, thin fan zergo 14", new battery and terminals, high perf. Exedy clutch,
custom Megan Racing full body adjustable coil over suspension, Turbo X8 dual stage boost, Greddy turbo timer,
new intake and exhaust gaskets, new oil metering tube and lines. Set of 4 custom Speed Star D5R wheels with Michelin Radial X 225/40 18" (front wheels not currently mounted). Sparco racing steering wheel. Seats like new. Includes custom 1/2 roll bar (pic available on request). Car has no rust.
Slight dents in driver-side door and rear fender. Moon roof open mechanism not functioning (stuck in closed position). Radio console is gutted. Front head light up/down not working presently (stuck in up). Receipts of purchased parts and professional labor included. Must see. Title in hand. Can send pics if you wish.
I know it is a Series five. I am pretty sure the S4 TII's have those decals, too. Not all S5 TII's are rare. Mainly the 1991 TII. There are under 100 registered.
Nice find. I just became an owner by inheritance of an 87 turbo II which was in shop being built when death occurred. I intend on advertising it soon as I get enough posts. I decided to have the car finished thinking I could get my $ back. Got 6900.00 into it and am hoping to get it back. Do you think this price is fair for car with following description. Please advise. 
Most of the track-ready work was done by Trackforged of Troutdale OR (parts and labor). The engine is an S4 with an S5 turbo upgrade and Microtech computer.\\
The engine is newly rebuilt replacement by Pineapple Racing, Troutdale, with less than 100 miles (mileage on car misleading).
Car runs great at greater than 200 HP (currently tuned for road).
The car has many new parts including:
Precision Injectors (set of 4), RP fuel pump, LT8 universal harness, o2 sensor, NGK wire set, open circuit relay (fuel pump),
thermotec heat wrap, Koyo 2-row cooler radiator, thin fan zergo 14", new battery and terminals, high perf. Exedy clutch,
custom Megan Racing full body adjustable coil over suspension, Turbo X8 dual stage boost, Greddy turbo timer,
new intake and exhaust gaskets, new oil metering tube and lines. Set of 4 custom Speed Star D5R wheels with Michelin Radial X 225/40 18" (front wheels not currently mounted). Sparco racing steering wheel. Seats like new. Includes custom 1/2 roll bar (pic available on request). Car has no rust.
Slight dents in driver-side door and rear fender. Moon roof open mechanism not functioning (stuck in closed position). Radio console is gutted. Front head light up/down not working presently (stuck in up). Receipts of purchased parts and professional labor included. Must see. Title in hand. Can send pics if you wish.

Most of the track-ready work was done by Trackforged of Troutdale OR (parts and labor). The engine is an S4 with an S5 turbo upgrade and Microtech computer.\\
The engine is newly rebuilt replacement by Pineapple Racing, Troutdale, with less than 100 miles (mileage on car misleading).
Car runs great at greater than 200 HP (currently tuned for road).
The car has many new parts including:
Precision Injectors (set of 4), RP fuel pump, LT8 universal harness, o2 sensor, NGK wire set, open circuit relay (fuel pump),
thermotec heat wrap, Koyo 2-row cooler radiator, thin fan zergo 14", new battery and terminals, high perf. Exedy clutch,
custom Megan Racing full body adjustable coil over suspension, Turbo X8 dual stage boost, Greddy turbo timer,
new intake and exhaust gaskets, new oil metering tube and lines. Set of 4 custom Speed Star D5R wheels with Michelin Radial X 225/40 18" (front wheels not currently mounted). Sparco racing steering wheel. Seats like new. Includes custom 1/2 roll bar (pic available on request). Car has no rust.
Slight dents in driver-side door and rear fender. Moon roof open mechanism not functioning (stuck in closed position). Radio console is gutted. Front head light up/down not working presently (stuck in up). Receipts of purchased parts and professional labor included. Must see. Title in hand. Can send pics if you wish.



