Welcome to the forum Rooster!
So, your truck is now back in your hands.
Do you have any experience with body work or welding?
With 50k on the engine it's hardly broken in.
You should go over all the rubber bits though. (brake hoses, cab and bed mounts, spring bushings and shackles, etc)
Check the steering components too to make sure it's safe.
For some things time takes its toll no matter how well cared for.
Jim,
Lil'Red is a '87 F250 HD, 4.10's, 1356 4x4, Zf-5, 3G, PMGR, Saginaw PS, desmogged with a Holley 80508 and Performer intake.
Too much other stuff to mention.