Ponch1
Ponch
I'd be very hard pressed to consider this machine for a variety of reasons, many of which have already been brought up. One major consideration is the clutch. I'd also question how the Authority Equipment was removed from the bike. If it was done correctly [if it is, generally the switchgear is also removed] it's not a problem - if not done correctly - it can be a huge electrical nightmare. Also the legal/insurance issues with a salvage or similar title.
I recently sold my R11RT-P to one of my closest friends. Only issue I had with it was a final drive replacemetn - which cost me 4 arms and seven legs. I loved the bike and had nothing but good experiences with it. Under the same circumstances, I'd buy another in a heartbeat.
That said - this one - I'd pass on in less than that heartbeat.
In the end - it's your decision. However, I wouldn't discount the advise you're getting here. It could say you some heartache, money and problems. There are good deals out there - find one that will at least offer some warranty of some kind.
There's a guy from Vermont on the LT forum that rebuilds the FD on the older BMWs for something like $350. I can't find the guy's name though.
Found it: http://www.bmwlt.com/classifieds/showproduct.php/product/2618/cat/all
I wonder if they have a similar FD to the LT?