Aaaahhh, just go gitcha n'ArcticFox and be done with it. Five years later, gitcha n'other one. And, another one five years further down the road.
I like the '82-'94 group of A/S, but I'd already have the PP hitch, new axles with disc brake upgrade (plus all attendant), plus big furniture budget, etc, etc beforehand.
Aage's suggestion really is the best. 5-yrs of depreciation (or so) and some bucks to bring it to snuff as necessary. This year do this. Next year do that. Never any hurry.
Rebuilding just takes too long, IMO, no matter how great the result. We found a trailer in VG condition and re-did floors, etc, as we full-timed. Once the big things were out of the way (there were only a few) the rest were a pleasure to take the time with. Projects are much more fun when contemplating "improvements" to an already sufficient trailer.
Good luck (have a son at Futenma at present)
1990 35' Silver Streak Sterling
; 9k GVWR.
2004 DODGE Cummins 305/555; 6-manual; 9k GVWR.
Hensley Arrow. 10-cpm solo, 18-cpm towing
Sold: Silver Streak Model 3411