I just purchased my first project bike: A 74 honda 350 F.
It is in really rough shape on the outside but at least seemed to have oil instead of water on the inside of the engine, so I guess it could be worse. I have been reading the forum and poorly maintained bikes for cheap seems to be the norm so I am in good company. My hope is to get it running this summer and then tear it down and make it pretty over the winter.
Thanks for a great forum. Hopefully I can become a resource and help others after getting this bike moving.