If a Mustang crossed your mind but you have the brother issue, look at the Camaro. Dollar for dollar, the two would be in the same ballpark for moding.
The Eclipse turbo variations are a good idea. I had a '90 Turbo Eclipse GS-T that I purchased new and I liked it, never had trouble with it and like they say, a ton of upgrade parts available and not too expensive. I remember reading some quite negative comments about the Mitsu here a while back, but my experience was positive.
I always really liked the RX7's especially the last version, what an awesome sports car. But if you push the stock turbo setup just a little too much, and that's not hard to do, the engine will detonate and the apex seals are extremely sensitive to that so they blow. But if you want to rebuild the engine with hipo parts, it's a great platform. I just don't see this being in your budget.
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