I replaced the wiring harness
Cleaned the carb
Inspected rear brakes and ordered new shoes
The tank was pretty rust. Here is a before pic and after I let it soak in vinager for 6 days
Today on ebay I bought rear brakes, a coil, a CDI and kill switch box.
My total investment so far including the machine cost and vinager is $109. If all the electrical parts come in this weekend and I'm able to find out the valve clearances to adjust them, I'll see if I can get it to start.
I'm also still in search of an axle collar for the front t fork to sit on. I have not seen one on ebay for less than $15.