You've got roughly 4x in parts from your purchase price just sitting there, should you have difficulty getting it running or getting it titled. It's 2 hours tops from as-it-sits, to down-to-frame parts stripping. Super easy to work on.
That'd be a $250/max piece in in Delaware. Titles are a major issue here, so I never even consider going over $200-250 on a no-title bike if I can part it out. If I can't, it's a run-not-walk-away situation immediate.
Way too much risk of it being stolen around here, if it's a no-title thing, so I most often won't even bother any more. We get a LOT of no-title stolen bikes from Baltimore in the area, and I sure as hell ain't getting mixed up in that mess. F'ing Baltimore...
