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I'm with Kurt. SV650 tough to beat.
Other good first bikes with character:
Kawasaki W650
Triumph Bonneville (New one not the old one)
Ducati Monster 600. (and later variants)
BMW F650
Might have to lay our some dinero for these some of this selection though...something you won't have to do with the SV650.
Of course there are enough old Honda CB750s and Airhead BMWs laying about and represent fair value, although not necessarily preforming like a modern bike....especially where brakes are concerned.
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1967 R50/2
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