Hey, for 1200 bucks you can take your time and turn this around. A bike that old will actually need much more than you think ($$$). All the rubber will be just about trash, things like brake lines, engine breather tube, the infamous 19x4mm oring. But, in the end you will have a cool bike. I have owned three of them. Much enjoyment.
Mount Vernon, WA.
tire guy, I'll mount your tires.