Hello from Colorado: Sounds like you found a good Overlander. The center bath layout is rather rare, and makes more sense than the rear bath in my view.
I have a 75 Overlander twin, rear bath. I have spent the last two winters renovating this one. It had floor rot as you describe along with rear end separation, rust holes in the frame rails, bad axles, bad plumbing, bad appliances, mold and mildew everywhere. Other than that, it was in good shape. It is in much better shape now. I renovated mine as a travel trailer the whole family can use safely and reliably.
Enjoy your project. There will be lots of surprises along the way.
David
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WBCCI #8607 VAC Region 11
KnowledgeBase trailer renovation threads: 69 Globetrotter, 76 Sovereign, 75 Overlander, 66 Trade Wind Such fun !
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