Moose,
A lot of good advice in here. I, too, have just started out on motorcycles ( I'm registered for the rider safety course in September ) and am on my learner's permit right now.
My wife gave me a maximum of $1000 to spend on a first bike. I was fortunate enough to stumble over this one at a local Honda dealer while I was drooling over some Shadows.
It's nothing like the righteous rods you see on American Chopper or Monster Garage, but it's purpose is to get me acquainted with the world of motorcycles and do so in a manner that I don't lose my lunch money if I lay it over in the driveway and break off something important.
It's a 1981 Honda CX500 Deluxe. 35K miles. 500cc V-twin shaft drive. It's light enough ( 400 lbs or so ) that I can lift it back up if I need to. ( I know this.. was practicing sudden stops and locked rear tire..and.. ) And, being a Honda, they're pretty reliable.
I kept the fairing primarily for the visibility factor ( Something that big and glaring should increase the liklihood that I'll be seen.)
If there's any drawback that I've found with the older bike ( ya, all of a month's experience!! ) is that you can expect things like gaskets and plastic parts to start wearing out.
Here, again, it's something to learn to ride and get through the first 6 months ( highest rate of crashes are those in first 6 months of riding )
Do some shopping and some soul searching and ask questions. You'll find something that will work.
Good luck, Moose!