Here's a short checklist of general problems and what to look out for.
My experience is with my 1982 Honda CB750F, it is a dual overhead cam engine and yours is a single overhead cam.
So they are not exactly the same but both are old none the less.
These instructions are mainly just to get the bike running to see if it's worth putting any money and time into:
Check the oil and make sure it hasn't leaked out. I would change the oil since it has been sitting for so long, but before changing the oil I would make sure that it turns over using the kick start. If plenty of oil is in there, its up to you if you want to change it, but I definitely wouldn't run that old oil in there for more than 15 seconds if it starts and runs. IMHO
Check the gas tank with a flashlight for alot of rust.
Cleaning the carbs won't do any good if rust clogs them up as soon as you put fresh gas through them.
If the tank is ok, you will definitely at least need to pull the bowls off the carbs and check them out and
clean them while you have them off. Spray carb cleaner up into the jets as best you can.
Normally, I recommend just taking the carbs off, but with a bike that old the carb boots are most likely dryer
than a 90 year old Nuns you know what, and they may crumble when you remove the carbs.
Eventually, you may have to replace them or make custom boots like I did out of radiator hose and aluminum inserts.
If it has a kick start (which a 72 should), you may not need a battery.
I would recommend you get a battery anyway because the electronics on these bikes are finicky and,
at least with my bike, it starts easier and runs better with a fully charged battery.
Check the Spark plugs to make sure they aren't fouled out.
Clean if necessary, and make sure the plug wires are securely attached to the coils and spark plugs.
After you do these things you should be able to at least crank it over and see what happens.
If it doesn't start after that, then it will be trouble shooting time.
Having said all this if it does start, FOR THE LOVE OF ALL THAT IS HOLY, I don't recommend driving
it any farther than 5 feet and only do that just to see if the clutch works and first gear works.
The front master cylinder is most likely seized and the brakes themselves need to be checked
before a ride around the block.
The last time I failed to heed that warning the front brakes locked up on me and I dumped the bike. Not cool.
The rear brakes on that bike are drum so they should work ok since it is all mechanical,
so if you do drive it a few feet I would use the rear brake to stop as long as it works.
Also, after/if you do get it running, their may be issues with the charging system,
and I can pretty much guarantee you that there will be some idle issues or carb issues of some sort,
but you may be able to get a riding season out of it before it bothers you enough to do something about it.
Also, don't let any of this scare you. If you are handy with some tools and can read a forum or Haynes manual you will be fine. Motorcycles are tons of fun to work on and in most cases way easier than working on cars.
Here is what I have:
I started with a bone stock bike that ran, but not very well. Now I have GSXR carbs, CBR600 coils, Yamaha R1 Master cylinder, and plenty of other parts waiting to be installed. At the end of the day I have about $1300 in this bike including the purchase price. They really are cheap and easy to work on, not to mention a blast to ride!
PM me if you get the bike and have any questions, or just reply to this thread and I will answer what I can.