Well first off I need to say thank you everyone for responding so fast to this thread, it really means a lot to me to get help from people who know what they're talking about. So first off I bought this bike from a friends friend, who had the bike in his garage for 2 years or more sitting there. Apparently the person who lived with this guy had left to Japan and left the title to the person i bought it from. To make things short about this story the title was never registered in NY so i had to apply for a new one which took 3 months from the time i bought it.
After I finally obtained the title I decided to start working on the bike and the first thing that needed to be fixed was the carburetor since it was sitting for years needed a cleaning. After the cleaning the mechanic got the bike running and it sounded great, but then he told me i needed to fix the clutch because apparently every time i would switch out from neutral the bike would shut off.
Next I needed to get the strator fixed on the left side of the bike because I had dropped it ( I know stupid newbie mistake). Also there was a leak of oil coming from the front of bike which was leaking onto front brake pads and rim, i think it was the front strut or something. Also before i could take the bike on the road i needed to put gas so filled it up and apparently the new gas mixed with some old gas and clogged the gas filter, so that needed to be cleaned out and changed.
Once all this was fixed I then took the bike on a nice test run for a good 3 hours or so until the bike shut off on me and would not turn on. At first I thought it was the battery but remembered that I bought a new battery for the bike. When the bike shut off on me when riding I heard a really loud fan noise in the front of the bike even after the bike was turned off for a minute or so. When the noise stopped I tried to restart the bike but couldn't. All I could hear was a clicking noise coming from under the seat close to the battery.
Got the bike towed since it would not start (also tried to kick start it by running with bike in first etc. nothing) and next day mechanic tells me its the ignition fuse box (might be saying it wrong) had that changed and still nothing. After all this mechanic tells me the engine might be locked since the bike has not been used in such a long time. Also I forgot to add that when riding sometimes at a red light the muffler would make a fire cracker sound from time to time.
So that is my story on everything i have done on the bike from the time i have gotten it. It's sad because i bought this bike for my birthday as a present to myself and have not gotten the chance to use it except for the one time i rode it for several hours. Now I'm trying to sell the bike as a last resort or with a better alternative to hopefully get it fixed. Hopefully this helps enough to narrow it down to a better solution. Thank you so much everyone. Here's some better pics of the bike.