OK, some basics. I picked up this Leg back in May for around $2k. EJ22 N/A, 218k miles when I bought it, L trim, AWD. This car's been in Colorado since it was built - I even have the original window sticker. This is what she looked like when we met:


First up were a set of turbo wheels with fresh(er) tires:

Kablam! Bye, steelies. See you again this winter!

I did notice while putting the wheels on that a fleck of paint surrounded by rust has flaked off, revealing a hole in the usual spot (drivers' side rear QP):

Do you guys think this is a Bondo job or am I gonna need a shop? I've never done any body work but have seen tutorials, though these usually deal with spot rust and not straight through rust. There's some more paint bubble near it, and I think it's probably time to cure the cancer soon before it gets worse.
The only other issue I've got right now is a rattle that sounds like it's coming from the valvetrain? I'll see if I can't get some video/audio of it. This sounds like a loud rattle or roar between 2.5 and 3k RPMs, usually (but not always) when the throttle is closed/closing; most prevalent during engine braking (ie: throttle off, car traveling downhill). I'm just fishing here...any thoughts? It previously had a bit of a tick when cold; fresh oil and filter at 220k service stopped that, but this worries me a little. My old BMW used to make the same noise occasionally

So far, this car rocks. I'm currently crossing high mountain passes off my list on a weekly basis!