1986 735i - update (archive)

This an update on my earlier post concerning this
BMW that had been stored for five years. I finally managed to make time for it.
I changed oil and filter, filled up on coolant, and added a
battery. Most importantly, I think, when I changed spark plugs, I sprayed storage oil into each cylinder. Came back twenty-fours later, drained the old gas, replaced it with fresh and turned the ignition.
The starter motor turned but not the engine. Tried it again
and heard a clunk, the starter turned the engine this time and it started.
Ran the engine 15 minutes to verify coolant was flowing correctly. Took it for a spin around the block, the brake pads are rubbing the rotors in the back. Otherwise, everything seems to work nicely. No warning lights, except the red LED's are lit on SI. I may have a sticky valve.

Any advice?

Yan

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