I got a 1985 Yamaha VTX1300 from a guy that charged me ,...., well nothing really. I just had to pick it up. Pretty much everything is in great shape, except for the frame. So to parallel this story with your question, my frame on the Yamaha was junk (modified and repaired), so I ditched the project, because of the frame. Hey, if I can't tell whether or not the bike will crack in half or not going down the highway, then forget it. So the frame is worthwhile, and if I had one for my Yamaha, I'd probably rebuild it. Well worth the money anyway. So in short, sell it, theres more out there for sure. And if someone sees a diamond in the rough, and wants to pay, well ok then, there you have it sir.