I agree with the floor jack comment and I do have access to a good one. My problem is my jack stands are made for much larger and taller vehicles. Thus, I may need to buy some short ones made for much lighter vehicles. And, that's OK, it's a good problem.
For now, I got it on the road today and enjoyed driving it to work and back. Everything seems to be just fine other than the dash light patiently waiting for me to replace the brake pads.
I cannot know just how meticulously the engine on this car has been maintained. I can say it hums along like a sewing machine with impressive power. It is my hope to get a high quality synthetic engine oil designed for european cars installed in this little car this summer. That, again I hope, will give the timing chain and everything else a much longer life. I have reason to believe that the previous owner had not been giving it the attention it could have. He had two other vehicles and it could be he was strapped for funds to maintain all three properly. I can't say the 318i was neglected or abused but ignored may more accurate. Time will tell.
I want it to be a dependable daily driver for at least two or more years and therefore will do what I can to allow it to do that job for me.
Thanks for the responses from both of you.