I'm looking at this guy, and seriously thinking about buying it(If it passes a compression test)

Does anyone have experience with these bikes? Specifically any major failure points or carburetor nightmares?

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$60 OM617 Blank Exhaust Flanges
$110 OM606 Blank Exhaust Flanges
No merc at the moment

I have a 750, with all of its parts still attached. that only needs a front fork seal replacement.

Aside from some of the challenges visible the photo the starter clutch has been said to be a 'soft spot' and when it fails can be a bit of hassle to repair/replace. There used to be a Virago Owners forum, maybe Google can find it for you.

About 15 yrs ago I owned a Virago 750. It was from the early 80's. It had less than 1k miles on it and I bought it for $1000 so your example looks a little pricey by comparison. I had to replace the fork seals and a side cover. Original owner got hit and broke his leg making a left turn in the first couple of weeks of ownership. Never got the courage to ride again. I could never get mine to consistently cold start on both cylinders. Eventually both would kick in, but it was irritating. Apart from that I liked the bike. Sold it to turn to sailing.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

I find that quite familiar and somehow familiar, since it reminds me of my Ducati. Now that was a cold-blooded bike!