That sure looks like the OEM FOB, for a bike with the active TSSM, just like your bike would have come with.....

Forgive my ignorance of newest technology, but what do you mean by bluetooth ignition....? What is controlled via a bluetooth device on your bike?

 

OP - "All I have to do is turn the ignition **** and push the start button with the key fob nowhere near the bike and it still starts."

This tells it all. The security has been disabled. The key fob does nothing, so you won't ever need a PIN.

 

What you say is correct, unless;
Since he just bought it, is there another FOB hidden, under the seat or under a panel. Yea - some people do that and if the battery is not dead it's going to start.
OP - Just for kicks if you know the process to manually enter the PIN (code) try all 1s. My son worked at the local shop and I mentioned one day I was going to program it. He walked over and did the sequence then entered 11111 and started my bike. It's more common than people know and if nobody took the time to reprogram it, it will be that dealers default.

 

No point in looking for another fob hidden on the bike, as these are NOT proximity enabled... they are PASSIVE alarms, which means to set them, you press the button, and the disable them, you again, must press the button.

 

With the button fob, no dealer input is necessary. The first owner creates, and enters their own unique initial PIN as the bike comes from the dealer without a PIN. It could be any one of 295,245 possible combinations. Entering 11111 would be a good starting point though.

 

The ignition is keyless. So I assume the key fob is Bluetooth and will lock the ignition and wont start.

 

The security system won't lock automatically if the fob is away from the bike, but will lock the ignition from starting if I press the fob.

 

I'm not sure how to enter the code. I've watched multiple videos on YouTube and none seem to work on my bike.

 

Out of curiosity, what happens when you lock the ignition, and then arm the system with the remote by pressing the logo button on the fob?
Do any of your lights flash?
Is there any change to the display on the speedo?
If no change occurs, you could have a dead fob or weak/dead fob battery & it cannot arm the module.
It is also possible that the TSSM module has failed or been swapped out and not original, etc.

If the lights flashed (armed) now try to start the bike and see what happens.
It should not start if the lights flashed when you armed it.
If it starts, then it was not armed for some reason.

 

I don't believe that is how the pictured FOB works...

The OEM FOB/TSSM security module function is different from the function of the ignition switch... In fact, it works independently of the OEM ignition switch.

The FOB merely arms or disarms the TSSM security module.... If armed, the starting circuit is disabled via the TSSM. If disarmed, the starting circuit is enabled via the TSSM..

The ignition switch turns the power on/off to all the bike's circuits, including the starter circuit..

Both the TSSM needs to be disabled, and the bike's power needs to be on... for the bike's starting circuit to be able to start the bike....

If the TSSM is armed, then even if the bike's power is turned on via the ignition switch, or even if the bike is hot wired, the bike won't start...

I have no idea how your ignition switch circuit was modified by the prior owner. I don't know how the bike's circuits are now powered on/off... but I know that's not what the TSSM or its FOB does...

I looked up some aftermarket ignition switch by-pass modules. None of them had a FOB like the OEM FOB, nor did any claim to be able to work with the OEM FOB...

I know with the newer canbus bikes with a BCM, you can make a selection/change to the BCM to disable the ignition switch. Then the ignition switch can be removed. The bike's electrical circuits are then turned on/off by the handlebar kill switch...

I'm no expert, but I haven't heard or read about that being done to a pre-canbus bike... It doesn't mean that a module or rewire of some sort doesn't exist, but I could not find one, nor have I ever heard of one... So if it's possible, and being done, I am ignorant of the process/equipment used to do it and can be no help to you... Sorry about that..

Please post up if you learn/discover how the prior owner modified your ignition switch.. I'm curious to learn about how that is done on the pre-canbus models...