If carb is rusty, good chance the tank will be too. Good chance the tranny oil hasn't been changed and it will look like tar and smell. Change all fluids. If generator isn't a problem now, good chance it will be in future.
These old tractors are a money pits. I have 2 money pits. Mine are work tractors. Motors and hydraulics rebuilt. I Use them all the time. So for me, it's worth putting more money in them than I can sell them for. I can't see fixing up the old girls expecting to make a profit, no way.
IMO, any carb that sits empty will rust, condensation. Any tank that sits empty, same thing. Any tractor left outside seem to get rain in places you don't want water, tank, tranny, ignition.
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