[jwasbury]

Ducatis of that vintage are notorious for breaking headstuds. Check for broken studs. Easy to check as the nuts at the top of the studs are visible without removing anything. If you find a broken one, subtract about $1600 from the price because that's what you can expect to pay a Ducati dealer to make the repair (that would be replacing all eight studs). If the studs are good, note their color. The original studs are chrome/silver colored, while the replacements are black. If the original studs are in there, its only a matter of time before one breaks. My 1995 M900 went over 30k miles and 13 years before a stud broke, which was a good run. Many of these bikes broke studs within the first year and had them replaced under warranty.

I would also take a close look at the gas tank as its not uncommon for them to rust from the inside and develop minor leaks...look for this on the bottom usually towards the rear where the hinge is welded on. Mine 'weeps' a little from this area, but has not progressed into a drip.

Other than the stud issue, the 1995 is a solid bike, and pretty easy to DIY in my opinion. 4k is in the ballpark for that year and mileage, though I would agree with Jeff that it should be minty for that price.