I don't know much about bikes but I do know something about autos and the experience likely carries over.
If you want something that you can just start up and ride without having to fix something (perhaps each and every time), this probably isn't going to be as rewarding of a project as it first sounds. If you have a 'daily driver' to get you by when your project vehicle isn't running and you just want to go cruise for fun, you'd probably be a lot happier.
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