See what the code is
I took the rear section off, hot wired the dealer mode connection idle it showed -C00 but when I turned it over the code was C-24 ignition signal #1 (IG coil #1) for #1 cylinder
Update: I feel like the original dumbazz the FI light was on because the number #1 cylinder coil pack was not completely connected. I'd removed the original heat shield/rubber mat because the previous owner chose to use duct tape to hold it together and it was falling apart and I changed the plugs while I was at it. The coil pack must have been partially connected because I pushed it together and felt a click. While I was at it I changed the rectifier and the stator and the rectifier had to be the original oem that came on the bike in 2000. The stator I have no words for so as the saying goes, "pictures say it all".
Yes that is rust. Some people don't need to own bikes I swear.