It currently runs but I need to replace the muffler (sadly, it somehow managed to just plain fall off and I was not able to find it anywhere). The muffler is rubbing against the suspension, which also needs to be replaced but I'm not terribly worried about that.
As for the nut behind the wheel, I have definitely changed that one already :P. I have attempted to use the pulse and glide method but it is somewhat inefficient for me atm. The previous owner put 14" tires on it and a "performance" cam shaft into it. I'm also contemplating taking out the passenger seat as well as the back seat since I am using this as a commuter to work.
Anyways, taking the fiance out to the casino for her birthday present
Take care all and I'll get back to you later!