Well, I picked it up yesterday. Copart was pretty helpful, it took a while though for them to load it up. I used a Uhaul vehicle hauler. Man, that thing was old and terrible but it got the job done.
When I got it home I looked over the super easy thing to rule out again, didn't find anything and it was getting dark. I remembered seeing a box in the trunk with a clutch in it, so I looked it over and noticed that the sellers info was on there. Which turns out to be a blessing. After a bit of googling, I found the guy who donated the vehicle. He was more then happy to tell me about the car, why he got rid of it etc. Ended up messaging back for a few hours. He's about my age, and was willing to chat / help as much as he could. Here is all the info I learned....
Some of the easy ones right off the bat:
He was the 2nd owner, he got the car at 40k miles and it had 136k when I got it. He had the car for 7 years.
He was thinking about trading in the Cobalt and he said it unexpectedly stopped running. At this point its trade in value was terrible so someone told him if he donated the vehicle, he could write off the suggested retail on his taxes. So thats what he did.
He said that he thinks its most likely the timing chain.
The car itself was tuned at 40k miles with HP tuners software. At this point he isn't what exact tune parameters were on it, but that he had been running it for about 100k miles, so he didn't think it was the tune. The modifications it has are lowering springs, sway bar, hard intercooler pipes, air intake, and lastly an new clutch (at 130k miles).
I'm hoping to pull the valve cover today to see if the chain was broke. I've never replaced one before. Hopefully I can get some help form someone who has. I think I'll have to pull the head to see if there is any damage to the valves. At that point, I'll likely change over the gaskets and ensure things are sound.
Any suggestions are welcome. If you live close feel free to lend a hand