so im buying my first bike and im wondering what you guys think.

LINK:
http://newlondon.craigslist.org/mcy/782591121.html

pics:
http://i244.photobucket.com/albums/g...bike_front.jpg
http://i244.photobucket.com/albums/g...bike_right.jpg

PS is there anything i should be looking for when i go see this bike?

edit: so i looked around on the site and found this really good link (http://www.clarity.net/adam/buying-bike.html) but its mostly for general stuff and i am still curious about potential problems this this particular bike.