Black and RED?
For $700 a non running RR that would eventually cost you, say $1700 to get road worthy, is surely worth every penny.
Making it a track bike might even cost you more money in trick track parts.
The one in the above pic was mine from 94-99, and if I had to put a value on the man hours and parts I put in it, it was a $30,000 bike. I sold it in 1999 for $11,500.00. Still less than a brand new 99 model if I remember correctly.
I bough this (below) non runner (sat for the better half of 5 years) for $500. Put some sweat equity in, and a full rebuild including rings, etc. probably got $4,000 into it now all said and done (man hours included), but it’s fairly custom too.
I also saved a 99 that had a chunk of engine case missing from under the stator. Had it welded, cleaned it up, painted the engine, all sorts of trick track bits, but got it for FREE because it was abandoned. In a few years it will be vintage, and won’t need a title in CT in order to register it if I want.
My opinion is totally biased, as I’m sure others will tell you. I’m a sucker for carbied 900RR’s. So when I say go for it, you have to take it with a grain of salt