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Shit, you have so many options its silly:
Any LS1/LT1 F-body, lower price=more mods.
A turbo DSM(eclipse talon laser) w/ 10k of mods would be amazing.
A Turbo MR2 would have lots of HP, and amazing handling
You could pick up a c5 vette for 30k on a good day
Dont count out your german friends though, you can find any number of used BMW's for that price range
And, you could always get an older SVT cobra...
Also, do you want a V8 or a fourbanger?
To many choices w/o more info from u
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