Well I guess it would be easier to say what am I not doing to it. Here is a pic of the bike as it stands now:

Bottom end will be send for checkup and service if needed. Top end will be sent to eric gore for 520 big bore and porting (mobetter) and fresh topend. New graphics, 93 250 rear fender, bars and rubber bushings, levers, grips, steel sprockets, oring chain, boyseen dual stage reeds etc etc. Going through every nut and bolt on the bike. Replace the oem ones missing, have to repair a couple of rad mounts, the upper pipe mount, replace gear side foot peg mounts.
That almost all of it lol. The bike is in over all solid condition, but the previous owner really abused it and rode it and used it until it broke and he coulden't use it no more. But I know the guy who owned it before him babied it. I want to make it look like a brand new 2001 KX500 and run better and stronger. I have about 3 months I'm giving myself to complete this project. Big part is $$ and spreading the expense out.
I plan on doing the engine work first. Then as I start to put the bike together I'll get the parts as I need them.