Just an update. I did see the bike and overall the condition as better than I expected for a 12 year old. The usual and a couple of cracks here and there and the black peeling off the rear drive housing, but nothing that was a deal-breaker. Everything is there, everything I tried worked and the engine started right up and purred like I expect a V-twin. Overall it looked great in my opinion.
At the current owners insistence I took her for a ride and it was sweet indeed! I'm smitten! The owner bought her new in 2001 and has "upgraded" to a new Triumph Thruxton. He said getting rid of this was the condition for getting the Triumph. I can relate. We had already agreed on price and I had a pocket full of cash.
Ok, the issue. Years ago I bought a used car from a private seller where the VIN on the title didn't match the one on the VIN plate. Here in Indiana, when you try to title an out-of-state vehicle (this one is from over-the-border in Ohio) the VIN # is about the only thing they care about. Well that and the purchase price so they can collect sales tax. But it's a real hassle to get it straightened out as a buyer. So the VIN number on the Le Mans has two numbers transposed from what is on the title. It's clear the BMV made the error as the original paperwork from the dealer has the correct VIN.
Anyway, the current owner seems like a great guy. We talked for over an hour about bikes and Moto Guzzi's and life in general. He's going to get the title fixed and the deal should go down.