OK. After bleeding the front brake several times and having the impression the bike was rolling with less resistance... I'm back with a rotor that flashes water to steam (squirted on the rotor) after less than a 2 mile ride.
Some background:
Bike purchased, picked up Tuesday this week. Found the bike did not want to roll easily when just dropping it off the center stand or even just wheeling it around the garage. Then, after a ride, it was almost as if I was engaging the front brake. So, I bled the front system... 3 times. Each time, it 'felt' as if it was freeing up.
Yesterday, I also decided to check with PO regarding what felt like a 'wobble' in the front wheel. I took a closer look and found a strip of weights. PO says they were there when he bought the bike. He didn't remove them when he installed the fresh Michelins to the front/rear. Well, I removed the adhesive strip of weights and the wobble is now gone.
But, my front brake is dragging!!!
Looks as though I'll have to tear the front brake off and clean/inspect. I hope that the worst it will require is a rebuild kit. PO says he rebuilt the front master cylinder, installed new brake line(s) and installed BMW crush washers in place of the $3 Honda washers where the brake line meets the master cylinder.
The rotor appears flat/true and has no grooves. It is just getting very hot from the brake dragging at speeds.