All the plastics are cracked and hanging on for dear life, and every wear item needs to be replaced - tires ($300), brake pads ($120), clutch ($150), chain and sprockets ($200), some oil seals ($30), cables ($60 total) etc. The wiring also needs to be redone ($100). The guy just didn't want to put any more money in it. He was going to junk it until I offered him $100 to deliver it to my storage unit.
Going to cost $1500-$2000 to turn it into a nice custom thing. Not bad at all.
Second bike is coming along. Installed a one-piece handlebar the other day. Needed to custom-order longer clutch and throttle cables for it, just got them today. Made by some Mexicans in San Carlos, CA.