Got the valve cover off and it looks like the Intake valve is moving a very small amount and the exhuast valve not at all. Pulled the cylinder head and it looks like the previous owner tried a DIY repair and made a few mistakes:
* He put the intake pushrod on exhaust and the exhaust pushrod on the intake
* Bend the aluminum pushrod which was placed incorrectly on the exhaust side
* He lost one of valve caps. only the intake had a cap
Both valve seats look okay. TONS of carbon build up everywhere which I will clean up. The valves both seem to move freely. There was also a broken piece of the plastic pushrod guide in there which I took out. Was also missing the intake tube o-ring. Was also missing one valve cover bolt and a few other bolts on shrouds. So I don't know what on earth happened to this thing before I got it. So many things put back together incorrectly.
I straightened the aluminum pushrod with a metal working hammer and put things back together, seems everything moves correctly now. At least visually.
I have the following on order. Let me know if you see anything else I'm missing:
* head gasket
* valve cover gasket
* exhaust and intake gaskets
* Intake oring
* Intake pushrod
* Exhaust valve cap
* Carburetor, gaskets, and fuel shut off valve
I bought this thinking it was just a carb replacement it needed. But if I can get it running after all this clean-up and some new parts hopefully it will run well for a while.
Thanks again for all the help so far!!