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Hopefully the car is a crazy good deal not to pass on it. Regarding the power steering ... fill the reservoir. If it goes down you likely have a leak somewhere. If it's not something you intend to DIY ... find a good Indy that specializes in BMW's or at least German/European cars.
As for the warranty claim ... it might be due to the N52 lifter tick. Pretty common. That's likely the reason for the head replacement ... which was to replace the head to the updated design (after late '08). They might have just labeled the reason as a "deformed head" although it was really a design flaw. If it had a the head replaced to the updated version ... that's a good thing, as you won't have to worry about getting the dreaded N52 lifter tick.
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