No Deal.
The "payment" scrambler is worth $400. The scrambler to repair will take 120 hours and $600
worth of parts(tubes, tires, bearings, cables, chemicals, paint etc.) and I assume it needs engine work.
Then you will be reporting your progress to this person for the duration of the project. After the project is complete, you will be the contact person for everything that goes wrong. God forbid you forget something and someone gets hurt.(which is why I sell my projects and do not take on this type of deal)
If you must take on the project, buy the bike to be repaired and offer this person 1st right of refusal when you sell it. I am repairing a 1985 Honda VT700 Shadow. I bought it and indeed offer the seller 1st right of refusal when I sell it. When and if the buy back occurs, write a receipt indicating no warrantee and remain free from liability should injury occur as the buyer is fully aware of the risks of motorcycle riding and have the buyer sign it.
IMO, sometimes "no" is the best decision.
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