Thanks for your response. Yes, the prices for the parts appear to be about right everywhere. But not sure if I need them.

Here are the answers to your questions:

Describe a little better how it runs. When you get it started, does it rev right up if in neutral ok?
* Once I get it started after cranking, as long as I don`t touch the fork controls, it work just fine. I am able to rev it up just fine, real loud and etc.

When you drive it and not use the hydrauics, does it pick up speed and travel ok?
* It speeds up and travels just fine. I am able to slow down and pick up speed, no problems. U can rev it up real good. (But whenever I back up, if I am slightly on a ramp, I have to rev up otherwise it feels like it is going to die)

Does the motor seem to be skipping?
* The engine doesn`t seem to be skipping. Once you get it started and rev it up a little, it will work just fine.

When you have trouble starting it does the starter spin away and the motor is turning normally but it won't start?
* I don`t understand what you mean by if the starter spins away - Basically. I start it just like a car starter would, it turns and starts cranking (no weird feeling like the starter is broken or anything) cranks at least 4-5 times (if I am not mistaken, the fan starts turning while cranking) then it finally starts. Once it starts, revs up and you can drive it just fine.

Why a starter, does it turn ok while trying to start?
* Exactly, this is what I am questioning also. Key turns just fine in the starter, it cranks cranks (like it gets faster and faster, and then it picks up and starts sort of thing..)
I am thinking, the mechanic want to put in new starter along with fuel regulator and the battery (which is already in) so he doesn`t miss out on anything. But not sure if he was able to pinpoint to the problem. But first and foremost thing he advised on changing is fuel regulator, which I believe is one thing I can not get away from?

Thank you so much for your helps!