Hopefully, you're not paying anywhere over 5 bills for it. The value of a bike non-running is reduced by more than half. "Running 6 months ago" could mean anything from carb cleaning to a bad stator to loss of compression in any of the four cylinders to a bad spark box. Unlike it's shaft driven bigger brothers, the 500 is chain driven, so chain maintenance is one addition to the list. Valve clearances are easy enough as well. Search youtube for Magna Carb Installation.
Carb removal is easy enough, but installation can be a trick. Never spray starter fluid into the intake as it can eat up the diaphragms. The risky part is that the diaphragms are no longer available for many of the 1st generation Magna's. You will probably need to clean the carbs. They usually end up looking less like the bike the person wanted and more like a a parts bike with blinkers. Due to their design, Magna's aren't the friendliest bikes to mod into bobbers or rats.
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