Jim,
Based on recent experience feeding three money pits, I think I'd advise staying away from this MT. There may be plenty of examples out there of non-running bikes like this sold for cheap that just needed "new points", a new plug, the kill switch turned on, etc. - but I sure wouldn't count on it. Non-running bikes usually are that way for good reason.
It seems to me like many bikes' lives are spent in a 'cycle of degeneration':
a) acquire the bike b) do the absolute minimum needed to get it running c) run it into the ground d) sell it a) repeat
I'm unable to do this myself. My problem is that if I'm going to own a bike, I want it to run and look good - otherwise I'd rather not own it. From your descriptions of your other bikes you strike me as being about the same, so unless this MT is an absolute cherry in the rough I don't see how it could help but be a money pit - and how can you really know what shape the motor and tranny are in if it doesn't run? Checking for shaft rotations will tell you if the motor is rust-locked, but that's about it.
But at any rate... before I would consider any MT I would have to verify that the oil pump was working when the motor ran last; if not, I would consider it a parts bike for negotiation purposes. If the pump was working, then it's the standard rust hunt, wiring check, tranny oil inspection drill. I would assume that a new top end, clutch, and possibly stator might be needed at the very minimum, which might well double the asking price of the bike right there.
Sorry if I sound really negative, but in my opinion looking at every non-running bike as a potential junker puts you in a much better bargaining position; let's face it, the seller almost certainly looks at it this way, and he knows a lot more about it than you do (yet). ;>)
Ray
_________________ '74 CR125M (175cc), '75 MR175, '82 RM250Z, '08 YZ250F, '14 Zero FX electric, '14 Zero MX electric, '18 Alta MXR electric
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