I just got a 96 GS500 a couple weeks ago and finished the MSF class last weekend.  I'm a shorty (5'3", 28" inseam), so I can get both tiptoes on the ground on flat ground. I thought I would be fine on my bike after riding in the parking lot a little.  However, on my first trip onto real roads, the bank was too much for me when I stopped and I dropped my bike.  I realize that experienced riders can handle riding without being able to get both feet on the ground, but it's just too much for me to handle right now (I'm still having trouble getting smooth starts).

After dropping my bike (in front of a police car... the policemen proceeded to tell me he didn't think I should be allowed to ride on the streets since I pretty much tipped over when I was slowing down), I've decided to lower it as much as possible.  Yes, I have searched the forums about lowering, so I have gleaned that I can
1) get lowering links that lower the back about 2" (although some believe this negatively affects handling)
2) need to lower the front as well (and I may want to get handlebar risers so I have more room/since I'm short anyways)
3) don't forget to shorten the kickstand
4) remove padding from the seat

However, I didn't find anything about how to DIY. Can I just use a centerstand or backstand to hold it up?  Do I need anything other than a socket wrench?  Any other words of wisdom from other DIYers?

Thanks!

EDIT:  oh and after dropping the bike it seemed like it was flooded and I couldn't get it started.  I'm gonna try it again on the weekend to see if that was the case.  Does this sound possible?

I'm 5'3 with a 28" inseam too. My recommendation: Don't lower it. Wear thick boots, and deal with it. I've got over a year and 17K miles under my belt now, but I didn't lower it even when I started. Start with taking foam out of the seat, see how much that helps. I now have sonic springs up front, with a kat shock in the rear, my bike sits about 1 - 1.5" higher than stock, and I have no problems.

As for the flooding, chances are that the gas ran out of the float bowls. That's what the prime setting is for. Pick the bike back up, put it on pri, let it sit for 10-15 seconds, then try to start her, should work just fine.

Welcome to the forum.

all you need is basic tools.  Worst case scenario, you might need a breaker bar.  If you feel you need to lower it, then do it.  It's all about what will make YOU most comfortable.  just throw the bike on the centerstand, and have a go at it.  Check your clutch wires and make sure they didn't come out.  They pop out easily after a drop.

Ah good call on the float bowls.  I didn't really think of that.  I was wondering when I would use the prime position    I currently don't have any tools to work on my bike other than a screwdriver... However, I was planning on making a trip to Sears soon to buy a socket wrench set (as well as a small hacksaw and staple gun for the seat stuffing removal).

I'm sure I'll eventually be ready to move up to a bike as tall (or taller) than my GS is stock, but I felt really insecure riding on my bike on the street with the crown in the road.  I think the insecurity was part of why I wrecked as I came to a really slow stop because I was scared (I know that slower=less balance, but when you're scared, logic doesn't always kick in ).

I'm really stoked to get the bike lowered and riding.  I was crying last night after I dropped my bike-- not because I was scared or hurt--because I really was looking forward to ride and I was disappointed I had to wait even longer  .

OK another question: it appears it may be very difficult for me to come by someone who can cut and weld the kickstand.  Do they make adjustable kickstands for GS500 (or compatible models for other bikes)?  Or anyone know where I can get a shorter kickstand?  Lowering links are a dime a dozen onilne, but I can't seem to find a kickstand that will work for the life of me 

Any machine shop should be able to do it.