My son and I have started restoring my Honda Passport. Maybe "restoration" is giving us too much credit - we'll see when this long process is complete whether the bike qualifies as a restoration.
Our plan is to take the bike down to its frame, and either have it powdercoated or painted professionally, or we will do the painting. The wheels are pretty rusted, so we will have to determine whether they can be salvaged or replaced. We will replace other parts as necessary, and try to clean/refurbish those parts that we can. Luckily for us, while the Passport is no longer sold in the US, it is still sold in the rest of the world so parts are available from Honda, on Ebay or via other online sources.
Since my son and I have no experience in restoring a motorcycle, this will be an interesting project for both of us. We will certainly learn alot along the way.
We will also learn more about each other - will I turn into Paul Sr. of America Chopper, and throw tools around when deadlines aren't met? I will keep you posted on our progress.