OK, it's time to post some pictures. I'll create a project thread later, but here are some photos of this promising bike.
First, here it is in my garage:


As you can see behind the air compressor, the bike also came with a passenger backrest. I haven't figured out how it is supposed to mount yet. If anyone has any helpful hints, please let me know.

Yes, I was testing the key in the various locks, and most are all keyed to the bike's main key. The bike came with both saddlebags, a top box, a BMW-branded tank bag with a zip-in extension chamber. Also, the key lock for the alarm system seems to be jammed so no key can be inserted into it, so I'll have to try some Tri-Flo in that to see if I can free it up.

OK, this is just a vanity shot.


A curious detail is the left combination switches, with the radio remote controls added on. There's an aftermarket temperature read-out velcroed to the radio remote, and I haven't traced its very fine wire back to see where the sensor it is connected to. Since the LT came with a coolant temperature gauge as standard, I wonder if it is an oil temperature gauge added by the original owner. The guy I bought it from was not technical, and he said he'd never noticed it before, even though it bought the bike in 2001.
[EDIT: The little temperature gauge is an aftermarket addition powered by an A76/LR44 battery. I popped a new battery in and saw that it simply reads out ambient air temperature. It shows my garage is 46.8°F, which seems accurate enough.]
So, this bike will sit here for a few days while I order in parts and buy fluids, then I'll set about a list a helpful fellow on the K100 forum pointed me to for revivifying a bike that's been off the road for a long time. I'll post more pictures as I run into problems or celebrate little triumphs.
Scott