As it turns out...You guys were right!!!! Its gonna take way too much money, and time, which I do not have right now. After autocrossing it I was not impressed. Then I have found out there are several bent valves and some other issues. So I am going to listen to everyone's advice and save for a race-ready car...which may take longer than I want, but Im sure it will be worth it...

I really jumped the gun on the Lude, but it just looked so tempting sitting in the back yard...haha

Thanks for the advice guys, even if it took several months and a couple autocrosses for me to listen!