Update:
After noticing the air filter looked new I called the previous owner and he shared some valuable information.
In his attempt to make it a runner again, he and his mechanic friend, changed the air filter, engine oil and filter, cleaned the tank the best he could, added new gas and changed the ignition, removed the lock on the gas tank, due to no keys.
He said the BMW ignition had a 4 position switch and they replaced it with a two position switch due to cost. After that they attempted to start the bike, but it wouldn't start, he said the starter engaged, but it wouldn't fire. He also said they didn't think they could hear the fuel pump run. At this point they quit, and I purchased the bike.
I pulled the plugs last week and they look wet to me, see above pic.
At this point I'm going to pull the fuel pump, and see if it runs... The positive and negative posts are corroded bad, i might have to replace the leads to the pump too.
I'd sure take some advice on where to go from here.
Supershooter