Hey everyone!
Background info: I just bought a '77 CB550K for $1000. This is my first bike and my first major purchase. I intend to use the bike for daily commutes to and from work (About 10 miles each way). When I bought the bike from a private seller he advised me to turn the fuel valve off in between rides. And so it begins...
I've ridden the bike for two days now. The issues - FIRST: It idles extremely high, around 4,700-5,000 rpm. When I start it up the needle hangs out at 2,000 and slowly makes it's way to 4k. Second: With the fuel valve turned ON, gas leaks at a frightening pace out of what (I think is) the filter? THIRD: The bike has a tendency to stall out as I ride uphill. Two times now I've been riding at 10mph in first when the bike stalls and refuses to restart. The first time this happened I pushed the bike to the top of the hill and, once on level ground, started it back up with little resistance. The second time this occurred I pushed it to the top to no avail. I was afraid I'd seriously done something wrong, but decided it might be out of gas. My dad brought me gas, I filled it up, and it ran long enough for me to drop it off at my local service station.
Reason why I think the problem revolves around gasoline issues - I filled up the tank this morning (a whole 3.5 gallons worth. Later in the day, after only riding 20 miles, it stalled out on the hill (second incident above). When my dad brought a gallon to me, the tank took it all, which means I somehow went through an entire gallon in less than 20 miles. Mind you it was stop-and-go traffic in first gear mostly, but still... and entire gallon? I feel like there's either a leak or a big problem with the gas making it to the carbs.
So in addition to any thoughts you have on what's going on, the million dollar question is - Am I looking at an expensive maintenance repair or something that a simple tune up can solve?
You might also be interested to know that before I purchased the bike it hadn't been ridden daily for about 2 years. When it runs, it runs strong... even when it idles at 5k rpm.
Otherwise, it's the best bike in the world. Thanks for everyone's responses. As soon as the shop let's me know what's up I'll let you guys know.
