Made a little progress.
I wanted to get the engine running before I went any further just to make sure it wasn't crap. I pored a little oil down the spark plug hole the other day, it has compression now. Don't know how long it's been setting outside, the throttle shaft was froze in the carb., the choke cable is frozen, and the hydro linkage is frozen.
Took the carb. off and got the shaft freed up and took apart and cleaned everything with carb. cleaner. It wasn't too bad inside. Put carb. back on.
Now check for spark. Put the battery out of my 982 in it to see if the S/G works with the key, surprisingly it does. Checked for spark with spark tester, no spark.
Checked point gap, it was about .010 which is good I believe. Now I'm thinking bad coil or condenser.
Now is when I made a mistake, I did what Jonathan and others said not to do- "don't go throwing parts at it till you've done all the tests". Well, I went and got a new coil and condenser, put them on and still no spark. (I'll take them back to TSC)
Then I thought of a test I should've done in the first place. A test light hooked to the wire going to the points. Sure enough the points weren't making a connection, they were closing but no continuity.
I filed the points and whala, I've got spark. So I rigged up a temporary gas supply and gave it a try. After a little bit it fired up. It doesn't smoke and runs pretty well. I know it needs new points, it idled good but when I increased the throttle it ran rough, I could see the points sparking pretty good.
Now that I know it runs I can go ahead and work on the other issues. It looks like it has the normal hydro leaks and maybe axle seals.
Sorry for the long post, and thanks everybody for the comments, I'll keep you posted.
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