Thanks for the recommendations guys! I plan on getting a full JIS set of screwdrivers, i'm curious about what sizes I would need? I keep finding the smaller ones. I did find a nice looking set on the z1 site. I've been looking into older Japanese bikes for years and I understand the need for a proper set of JIS screw drivers.
Penetrating oil is going to be used heavily on all bolts and everything, just to be safe. Although rust is extremely uncommon here in Nevada (I've seen cars sitting for 20 years without any rust) for penetrating oil I was thinking of using PB Blaster, just because its easy to get at the local autoparts store local to me.
I got in touch with the owner today (after a couple days of him not responding to me) and its my understanding he lost the title... So, I'm going to take a look at the bike in person hopefully this weekend, then come to a agreement on price in person. I don't think paying $350 would be a good deal for a bike without a title that's been sitting so long.