I picked it up last summer with around 20,000 miles on it. The po laid it down and beat it up pretty well. I am currently in the process of adjusting valves, syncing carbs, installing an undertail and tire hugger and turning it black. When I got it , it had been lowered and had no mirrors or turn signals. I raised it back up (I am 6' tall so lowered felt a little goofy) and made it street legal again.
Here is how it was shortly after getting it:

Here is it was before I took it apart:
I will have more updates in the future and I am sure I will have lots of questions as this is the first project bike I have owned. I previously rode a 2007 Ninja 650r and got bored with it (2 cylinder bike was not that exciting and sounded like a 4 wheeler).
Thanks for all the good info on this site!