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Don't get discouraged. Ebay is a wonderful place to shop. Look for a new petcock to replace the old one or a rebuild kit. Look for a carb kit to rebuild the carb. Shouldn't cost an arm or leg and will mean a better selling price if you do still want to sell the bike. No one wants to buy a potential fireball that has gas leaking near warm parts.
As for tires...............well, you might or might not have known that going in but a person should always expect a certain amount of cost related repairs and maintenance with a used bike. Tires are maintenance items and safety items. When you get the bike up to snuff you will be more than satisfied and gained some experience and a sense of accomplishment.
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