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Look at the price of a comparable 1999 C4 and see what it sells for. Likely between 15 and 20k max. Compare that to the purchase at $5500. Then you find out you need an engine. A used engine is about 10k plus removal and replacement. Throw in a new clutch and LN IMS bearing and add another 3k. You're now at $18,500. And that doesn't include any hidden unknowns yet...and there are always hidden unknowns.
Unless you are an experienced wrench with Porsche, I'd say buy one ready to go.
There used to be a saying that all these cars are $20,000 cars. Buy cheap and spend to fix or buy right the first time.
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Tony G
10 Porsches come & gone!
1962 Morgan Plus 4 
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