Join Date: Apr 2005
Location: Eugene OR
Bikes: VooDoo Limba, 2000 GF Kai Tai, old lugged fixies
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THis depends on whether you want to invest in tools and if you want to use this as a learning process.
Depending on what work needs to be done, you may end up spending a lot more on tools than a basic $50 tune up at you're LBS would cost. If you just want to get it on the road quickly I would recommend just getting the tune done, then do you're own maintenance along the way, and buy tools when needed.
If you want to be completely self sustainable, then by all means buy the tools and parts you need, but also take a look at Sheldon Brown's website. Most of you're repair questions will probably be answered there. Also getting a beginner's bike maintenance manual could help. Try something by Leonard Zinn.
You could also search through the forums for pointers if you get stuck on something.