Concerning noises for new rider

[spark]

Being new to the big dog and custom world (second ride tonight) I seek your experience. The ride home on Saturday with the new dog (2002 pitbull 5900 miles) gave me no concerns on my purchase, however tonight is a different story. 10 minutes into the ride and I am hearing a rough sounding noise, something between dry rubber on metal and metal on metal. Searching the forums I am reading a lot about drive belt screeching and hoping my issue is similar.
The noise first started at 70mph, while not accelerating or decelerating. The noise happens at various speeds, being louder the faster I am travelling, always with no torque on the motor. The drive belt has about two inches of play and is very dry. The bike has only seen 500 miles in the last 18 months and I am definitely going to be changing that. The belt is sitting up against the outer edge of the primary drive. (I assume I am using the correct terminology, service manual on order)
I have noticed a small oil leak from the transmission; the transmission was not hot to the touch.
Lots to learn

Any help is greatly received.

 

[spark]

And I forgot to mention, great site by the way!

 

[nine lives]

Drive belt should have about 5/16-3/8" play with 10 pounds of force. There is a tool for this. If you don't have a tool, grab the belt with your thumb and forefingers about 1 1/2" from where it exits the primary,twist the belt back and forth on it's axis. You should feel some serious resistance to this twisting at a 45-degree angle from flat. If you can twist the belt 90-degrees or more with just a thumb and forefingers, it's too loose.

 

[spark]

Can't get much past 45 degrees with one hand.

 

[Raywood]

2" of play is WAY to much. Tighten it up and then spray it with some silicone spray and see if that takes care of your issue if not then we can start looking in different areas. But that belt should be tight.

 

[spark]

I will give that I try. Guess I had better invest in a torque wrench. Do you locktite the wheel nut?
Thanks!

 

[outdoorsman26]

red loctite. buy a big bottle of it you will be using it on just about everything!! blue loctite is also used on the smaller bolts and nutz. If you can buy a nice set of sae sockets, wrenches and allens they will save you from going to the dealer (stealer) to get things fixed!! there are many "how to" threads to read check those if you have a problem they are VERY helpfull!!

 

[spark]

Turns out it was the rotor and stator. The spacer was destroyed and the rotor splines were non-existent. 250$ later and all is well.

Ride safe my friends!