Hey folks, I am looking to purchase my first M-16 (second F/A after a M10/45). I am trying to stay around 10-12k, which I know is easier said than done currently. I found a Olympic Arms M-16 that a fella said his dad converted years ago. He doesn't know much about it, but it only has two positions for the safety selector (labeled Safe-Fire, but it is Safe-Auto). I tried to search for this info, but didn't have any luck.
Is 12k a reasonable price for one of these at this point?
Can I make it Safe-Semi-Auto?
Is there anything I need to look out for on converted M-16 as opposed to factory guns?
I figure I wouldn't really mind the full auto only, as that is why I would be using that receiver. I have a handful of AR's, set up to my preference, that I can use for semi auto/precision shooting. Thanks in advance for any advice you can give me!