Thanks for the input guys.
Good news is:
I already have a good truck. '98 Chevy 3/4 ton 4x4 set up by the previous owner for towing.
Gooseneck with electrical socket in the bed and a Reese under the bumper with electrical socket install AND a set of aux lights under the bumper for hooking up at nighttime. Truck has oil cooler and trans fluid cooler.

More good news, trailer tires are good. Frame is good. Floor is steel mesh. Runners and ramps are steel.
Wheel bearsing checked out good. Jack is lubed and working good.
No lights, Brakes are uncertain. Wiring is shot. Rust is everywhere including underneath.
I'd bet it'd cost a fourtune to sandblast this thing.
Thoughts?
cc