Thanks for the welcome.
I don't have any major plans for the engine at first.
My philosophy when it comes to a build up is:
1. Safety Items
3. Then Go Fast stuff.
So I'll be installing my roll bar, harnesses and seats first
Then I'll be working on the brakes.
Once I get it on the track and comfortable with it, I'll get the engine and the suspension upgrades planned.
I'll most likely get a CAI and chip it. I'm not sure what spec or group I'll be running in if I go wheel to wheel racing, so I'll need to keep it fairly stock until then. No use doing major mods and not have it eligible for the class I want.
Of course, being new to BMW's overall...I'll listen to any advice given.