From your description, it will need tires and two new turn signals and wiring to pass inspection at a minimum. Also, these 250s have two small carburetors, with lots of small passages in them, and they tend to get clogged in less time than "years" when they sit unused, so it would be hard to imagine that you don't have a fair sized job there too, in removing and thoroughly cleaning and rebuilding them.
For a first motorcycle I'd think you'd be better off with something that's known to be in perfect or near-perfect condition, so you don't start out with a months-long project.
Welcome to the board, "Layton"!
