My first motorcycle: 1976 Honda CB550

Hello all. I just purchased my first motorcycle thtis past Saturday and although the bike has seen better days, I feel confident that I'll be able to restore it to it's origional glory. The motorcycle is a 1976 CB550. It will take a lot of time to fix since I don't know much about motorcycles but I think it will be worth the challenge.
Anyway, I got the motorcycle from a neighbor who has had it for a few years. He rode it last fall but let it sit outside all winter and now it won't start. (We live in Atlanta, so the winters aren't that cold) It gets power from the battery and acts like it wants to start but it just won't get there. I added fuel additive and some fresh gas, so I hope that will help. I checked the plugs and they look pretty good. Also, I'm getting a new battery today.
If anyone has experience with a CB550 and you wish to share any tips for getting this bad-boy into shape, please feel free. Thanks!

http://home.comcast.net/~mwierm1/index.html

There is one thing I found odd about this bike. The engine ID is CB550E. I haven't been able to find any information on this model number. Is this the same as a CB550F or CB550K? If anyone can help with this, it would be greatly appreciated.

Edited by - mwierm on May 21 2007 12:27:05 PM

Edited by - mwierm on May 21 2007 1:04:14 PM