Are you familiar with the 4100 engine? Probably the most troublesome engine Cadillac ever built (maybe a toss-up with the 350 diesel, but the diesel wasnt strictly a Cadillac engine). It has been described by some as a good boat anchor. How many miles does it have on it? Can the present owner verify the maintenance this engine absolutely must have has been done regularly? If you cannot work on, troubleshoot, and diagnose this engines problems you should know someone who is very good at doing just that, you will get to know him very well.
Oh, by the way, the transmissions were weak too.
Been there, done that along with many other Cadillac owners of that vintage with that engine/tranny whose next car was a Lincoln.