Charles, if the body is straight and the chassis and running gear are good (and good running gear isn't necessarily mandatory...), then a classic MH is NEVER a total loss! It's just a matter of how much you're willing to put into it to have it in the condition you want! Actually, that one looks pretty good for it's age. I've seen much, MUCH worse! Best of luck!
AIR 2053 Current: 2006 Born Free 32 RQ Kodiak Chassis, & 1995 Coachmen B-van
Former Airstreams: 1953 Flying Cloud, 1957 Overlander, 1961 Bambi, 1970 Safari Special, 1978 Argosy Minuet, 1985 325 Moho, 1994 Limited 34' Two-door, 1994 B190 "B-Van"