if the electric starter doesn't work, i'd walk. gotta split the cases to repair.
i bought a cb550k and the PO said it needed a starter, no biggie. so i bought the bike and bench-tested the starter, it was fine. turns out the starter "clutch" or "sprags" (your choice of terms) were toast. i don't mind top end work, but splitting the cases is beyond me.
if the owner says it's kick-only because of a weak battery, or bad starter -- i'd say "buh bye"
closely check the rims for damage by ham-fisted cheapskates that mount their own tires to save $20 but ruin $80 rims
check the spokes for excessive rust (a little is fine, they'll polish up nicely)
check the fork tubes for rust, leaking seals
check for dragging front brake
any sign of crash(es) -- broken fins, mashed speedo/tacho chrome bases, bent levers
i'd pass on the 550k