First of all ninja fairings, any free bike is a good bike, even if you just use it for parts. When it comes to actually buying a fixer-upper, you need to check a few things before you lay your money down. The three things (put simply) that a bike needs to run are fuel, fire and compression. These suggestions are for when you purchase a non-running machine.
1. Is it all there? Many broken parts can be repaired easily and cheaply, but missing parts must (usually) be replaced. Pay special attention to gauges, side covers, carbs, sprockets, and brakes. Lots of these parts "walk away" while a bike is lying around unused.
2. Is the engine seized? A seized engine may or may not be a big deal. If you buy one with a seized engine, only pay scrap prices as the engine MAY (or may not) be ruined. I'll show in a later "Ible" how to deal with a seized engine.
3. Can you shift through the gears? Transmission work is no small undertaking (but not impossible) for the newbie!
4. Does it have compression? If you can kick it over (or crank it), check for compression.
5. Consider buying a semi-classic, as these machines are easiest to deal with when searching for replacement parts.
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