cool, sounds like you got a good deal then. Last bike i picked up the oil was gray as hell and had some metallic flakes in it. clutch was toast. New clutch and all was good. Since you dont mind putting a little coin in it, i would do the following. New clutch, billet basket, modded shift star, billet water pump with new seal (inspect the bearing) , pancake bearing, and replace the o ring on the water tube. You more than likely wont have to go back in for a long time. Also inspect the condition of the clutch arm actuator and make sure its not worn too bad.