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[RC] used, OLD, aluminum trailer question - Wrecksduke

OK, all you trailer pros....

Found an old, 1954, "Falco" horse trailer for sale.  Looks in pretty good shape (aside from the wood floors that need to be replaced....)

What are some of the major things to look for:
1.  Tires
2.  Axles
3.  Undercarriage frame
4.  Trailer parts no longer made and therefore have to replace, i.e. axles....
5.  Other?????

Price seems pretty good, but how about after the check up costs and repair costs?

Its a straight load.  7' tall and "only" 54" across inside.  Center divider can be removed.

Thanks ahead of time,
Melody