There's an 04 4.8iS (I know it's not the right year) with ~114k miles selling for $12.5k in CA. If I were in the market, I would take a look at it. He's a BMW enthusiast and many members on M5Board would vouch for him and his car(s)

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00 E39 DINAN S1 //M5 (82k miles)
06 E53 DINAN 4.8iS, born 2/18/2006 (126k miles) http://www.xoutpost.com/bmw-sav-foru...s-my-dslr.html
90 Straman Z32 TwinTurbo Convertible, (1 of 44 ever made) 5 speed, 444rwhp/451rwtq
01 360 Novitec Spider F1 (26k miles)