a rebuilt title on a bike doesnt mean much...it could have been laid down and been nothing but fairing damage and be totaled....but on resale dont pay a premium....for a first bike I would stay away from it personally because you wont have the knowledge on what to really look for. You could be riding with a bent rim, or twisted frame and you might not even be able to tell if you have not rode. Sv650's are great bikes and they are cheap....look aroudn some more man you should easily be able to find one for under $3k not wrecked....I sold my 00 F4 for $3k about a month ago and it was nearly perfect condition.