Thank you all for the info!
24 Hours of LeMons is great. I've never done any other kind of official racing, so this is just awesome for me and my teammates. We're a weird bunch... it's me, my dad, his friend, my best friend from childhood, and a female friend from High School whom I've driven long, fast, spirited drives with for a long time. (at one point in our lives, she had a BMW M3 convertible and I had an Audi TT roadster. We tended to get into some trouble...) Anyway, I'd highly recommend the series to anyone who loves driving, and doesn't take everything too seriously. The people are great, funny, fun to be around, etc. These weekends have been some of the most memorable of my life.
This last race we placed somewhere around 5th in class, but we were really just thrilled that we were able to finish the race. Last year the clutch died halfway through the 2nd day and we didn't cross the finish... this year, however, was epic. (finishing in a Lemons race qualifies as epic, I believe)
Anyway, NEXT year (December's Fort Worth race 2012) we plan to dominate. The CRX has an awesome light-weight advantage and we fully intend to exploit it, plus the engine feels 100% stable.
Regarding budgets, yes there is a $500 limit on the car and any performance mods. All safety-related items are not included in that price (roll-cage, brakes, rotors, fire extinguisher, seat, harness, etc)
Next question: what size wheels/tires does everyone recommend for racing? We have to use street-legal tires (no slicks), but everything DOT approved is permissible. Anyway, I'm not sure if 17" would be too big for wheels since we need some good sidewall meat, but I wanted to see what others recommended here.
Thanks again!