Matt I’ve been restoring old karts like that for decades. It’s a hobby for me and I know what’s involved. I can tell you from experience that if he gave you that kart for free it still would not make sense financially. There are much better package deals all around this area and you have all winter to look for a deal. There are only 1-2 people that run LO206 in this area and my advise to you is to shoot for the Yamaha KT100 sportsman class. Give Jimmy Schultz at GrandProducts a call and see what he can set you up with.
FAA certified jet engine and aircraft technician,
Nicholson Speedway class champion 2001,
Yamaha KT100 Service Center,
41 years karting experience