My baby has, what i hear is the common rusting pattern on the e36, and it is bad especially around the front right fender, and behind it (on the body). To start off, here is an image of the car.

Now the following pictures are those of the area around the front fender:

now this is the spot where a rubber thing, which looks like it is for a jack used to be. The one on the other side is untouched, but this one is no longer there, and where it used to be is taken over by rust.

and this here is the front left edge. Not as bad as the front right, but has potential to become much much worse:

and this is rear left:

and last but not least, rear right:
This car has been a garage car all it's life, and here in Calgary we have very little humidity, so it it fairly hard for a car thats lived here the entire 14 years of it's life to rust like that.
I guess the fenders are not that great of a concern, because they can always be swapped out, but the body rust scares the poop out of me. I guess that taking the grinder to it would work , but how would I replicate that thick gray beautiful paint job?
Ideas on how to fight this rust would be appreciated, especially by my lady:
