check for leaks?

None. I park it in the same place. No spots.

check in insides of the fairings to see if there are any oil spots? i found my filter cap was leaking oil. no spots from being parked but that's cuz once the motor was running, the oil pressure would let iit drip out and get taken off by the air flow.

but yeah, looks like a tear-down is in order. running with no oil is an ugly ugly thing..

just hope it's not this bad..
http://gstwins.com/gsboard/index.php?topic=52416.0

Holy crap...

didnt mean to scare you dude.  

but yeah. the sooner you start going into the motor, the more you'll know about what's going on with it.

No need to pull the bulb to check it.  Oil light comes on when you turn the key to the ON position before you start the bike.  If it's not on then, it's blown or some other electrical issue.

I'm completely screwed.

no youre not. have faith.
get the motor pulled apart and see what's going on in there. keep your head on straight friend.

Quote from: jonathanneely on May 19, 2010, 04:39:38 PM
I'm completely screwed.

No, but lets face facts, your motor is. Its going to need to be stripped to see how bad it is, but at least you're going to need a bottom end rebuild and that won't be cheap even if you do it yourself. However you will learn a lot and have a good motor at the end. Else you're going to have to buy a good(?) used motor, probably cheaper and easier, but hard to know what you're getting unless its from someone you know. GOOD LUCK!

What do you think I might be able to sell the bike for as it sits now?

Open it up and look for damage. Take off the plastics, tank, and valve cover, remove the spark plugs and shine a flashlight in there, take a look at the insides and see if you can tell if anything is out of the ordinary.  Drain the oil and look for fresh chunks of shiny metal.