I’ll suggest you do a thorough estimate of parts that you might need to replace and time investment before proceeding any further. Projects like this aren’t for the front of heart and I get the impression you’d be better served with a newer bike.
I'm not really too worried. Regardless of the bike I got, it was most likely that I'd be doing about 80% of the things I will be doing. I like starting mostly new with any car/bike purchase (in terms of maintenance schedule). I can't really trust the maintenance schedule of the previous person.
The only thing that would be off putting is if the engine or transmission was completely toast. At that point, I don't think I could do much with the bike because some of those parts aren't available OR they're ridiculously expensive. ($750 for a new crankshaft - ow) I mean, if I need a new crankshaft or pistons or something major besides new rings then the whole engine would require blueprinting and then finding out the entire thing is either toast or would require $1000+ in machining *plus* all new parts - and I have to pray after machining I can even use any of the OEM parts. Not worth it - for me. That's the scenario where either I get really gung-ho about this bike and try to buy a used engine (eh) or just part it out instead. I haven't registered the bike yet so I'm not in the hole much financially.
Right now, I'm mostly just trying to get it running AND if it doesn't run then I want to make sure I can part out the bike. In this case, the fuel tank is in what appears to be wonderful condition (internally at least!) and if I was to sell it to someone, I should remove the fuel cap anyway. And since I wanted new keys for every lock, I decided to buy the kit. I could've waited on that and just tried to hotwire the thing but I'm impatient and it's only $29. It'll probably arrive around the same time the battery does. Replacing the ignition seems easier than trying to hotwire and potentially messing up. So, it's done.
I'm not too worried abut this overall. I knew going in that it had potential to be a very intense project *or* that I'd have to part out the bike. Either is fine with me. Learning experience either way.
For reference, I had read this: https://jalopnik.com/im-going-to-ove...ith-1819709178
and then https://jalopnik.com/heres-exactly-w...br9-1819487774
. And that was with a quite pristine bike in most terms. My expectations were pretty low going in. I mean, the fuel tank is already *way* better than I expected. The oil didn't look black - and it makes sense the guy was probably religious about that with tracking the bike.
I'll be doing some more inspection today and trying to remove all the fairings.
Fun fact: Never knew that gun-ho (that's how I've always heard it and interpreted it as a gun/trigger-happy kind of thing) is actually gung-ho and is Chinese. https://en.wikipedia.org/wiki/Gung-ho