Just some newbie questions

[keons5]

Okay, heres the deal,

I'm looking at a Toyota AE86 GTS that is locally forsale. It needs some body work and it has a bit of rust. It runs/drives but the clutch needs to be replaced. He is asking $500, but I think I could get him down to about $350-$400. Once I got the car I would obviously work on the exterior, replace the clutch, rims/tires, and refinish the interior. Then I would focus on the performance aspect: coilovers, headers, exhaust, ect. I'm looking to put preferably about $1800-$2500 overall.

Questions:
1. My largest concern is a ~2000lb RWD car on Michigan roads. Am I going to get stuck every two seconds and hate myself for buying the car? My friend has a Camaro and he could'nt even make it to school today because we got three inches of snow.

2. Do you think I could get it in decent condition by doing the work myself and purchasing many used parts for the amount of money I stated before?

3. Is a Toyota AE86 GTS a good choice of a car? Cheap parts? Reliable? I have heard many good things about handling/performance, but because of the roads should I go with a FWD car? Are there any other cars I should check out?

Thanks a lot guys, I appreciate it

Collin