I am currently building a Gen 2 CR500AF from a CR250 donor. The donor motor is a 1995 CR500. I was waiting on acceptance so the build is already well under way...
Here is where I am at:
"Y" / cradle (a head of the lower engine mounts) cut and relocated.
6061 Inserts machined from bar stock for the cradle
6061 billet head-stay 75% done (will post pics)
1" 6061 round stock coil mounts
Acquired the Gen3 CR250 air boot for the proper fitment
Started to modify the rads, but found some epoxy from the previous owner so I am trying to track down some new rads (anyone have some kickin' around?). The fitment looks good on the bike, I plan to machine spacers for the lower mounts to ensure clearance of the "Y"
Plan to re-use front mounts.
Rear Shock in blown, so taking it to MCR for a rebuild.
Motor History:
The main chamber of the pipe from the CR500 was dented to HALF its original diameter when I went to buy the donor bike, So when I went to test drive it, it had no top end. I didn't think anything of it because of the big dent in the pipe would definitely effect that... So when I got the bike home I was going over everything (carb, reeds, etc etc) I took out the reed cage to discover a giant crack in the intake side piston skirt. So the engine is currently full dismantled and awaiting new bearings, crank rod, piston etc etc. For the pipe, I machined up a couple plugs and heated it up with about 20psi of air and got 99% of that dent out. Would like to get a new pipe but 1. I am Italian and cheap and 2. dont feel like spending $200-300 on a new one. Unless someone on hear has a lead on something cheaper?? Measured the cylinder (STD bore) with a dial-bore within spec but we'll see how it looks after a good honing...
Need to Do:
Silencer Mounts (this weekend)
Machine Swing arm spacers (Leaning towards machining 1 piece inserts for side cases rather then spacers, input??) (this weekend / next week
Weld it! (Hopefully next weekend)
Powder coat anything and everything I can think of...
Need to acquire
new plastics and graphics
Excel rims (anyone have any or know somebody looking to sell a set for a decent price?)
Here all the only photos I have so far:

Bike1 by fmikhele, on Flickr

bike2 by fmikhele, on Flickr
Reference Builds:
Obviously everything on this site, but for visual people this guy did a pretty good job documenting his build on video ---> http://www.youtube.com/watch?v=1HJz5WZldH4
Welding tips (obvious but helps)
http://www.youtube.com/watch?v=FadO0hqTaN0
Thanks guys! Look forward to any feedback...