James,

Couple things you could do...

1. If your close enough to the guy, see if there is someone in the US that has a PGM IV and card you can "borrow" to test the bike with. Knowing it will at least start is a good thing.

2. pull the exhaust and check out the pistons. Make sure they are not siezed, and the inside of the cylinder look good from looking up the exhaust ports. If you can convince the guy, pull the carbs and reeds to check out the crank as much as possible (this will be a little harder as the reed cage gasket will need to be replaced to do this).

3. If # 2 looks good, offer the guy $3000.00 for it as is. Even with a missing keycard, it's worth at least that based on how it looks. Being non-reg'd and no keycard, it's not worth much more past that at this point.
_________________
Charles Gallant