well, (edit) got it for $100 (not 75). Flat tires, rotted tower base, seat shot, tree growing thru carb linkage, and all...
Just dragged it out of storage today and while still on the trailer, saw that it has oil (black, but its oil) zapped the starter with jumpers, and spun it. The points had cob webs and crud and points cover was loose maybe even no screw at the bottom. I Ran some 320 sand paper to get them conducting again and now they work until I can get new points.
Squirted some oil into the cylinder too...
It cranks. Feels like it has compression but my gauge read zero. I think its the gauge and maybe low compression or even the compression release is actually working. Dunno. but the thumb test showed enough that it might start briefly (carb is a disaster). And it did start, on ether.
Oh, the hydro apparently works at least somewhat since it tried to go backwards when cranking, then I put the lever forward and it went forward when cranking and neutral worked too.
I'll have to bite the bullet and get tires tho... all shot.
This is fun!
Here is a HOW NOT TO for starting a long-sitting K301! But it was fun!
https://youtu.be/Xr2QV0ghMJc