Hello Matt1,
I want to welcome you as the newest Member of the Flail Mower Nations.
There is no need to replace all your knives on your flail mower.
You can purchase knives for your flail mower from Clean Cutter or Flail Master or a Rears dealer.
If you need other parts you can contact a rears dealer for them.
The previous owner did not bother with even the minimum maintenance for this
mower sadly and the maintenance for it is easy.
You need to invest in new V belts-be sure they have the same lot number as the belts must
have the same lot number.
You need to have spare knives, knife hangers, fine threaded bolts and nuts or clevis pins and cotter keys etc.
You can order a new parts manual and owners manual for it from Rears.
You need to change the gear oil as you do not know how much water is in it. check the breather if it has one
and make sure its free of debris.
You also need to make sure the rear roller and its bearings are in good condition and the rear roller mounts are in good conditions.
The V belt guard has to be removed and the rubber dust and grass dust must be removed/washed off and to be sure to expose any buried grease fittings
You need to purchase a new PTO shaft and measure it to cut it to the proper length and use it only for the flail mower.
The V belts are the sacrificial part in the operation of a flail mower and you do not need a slip clutch.
Check the all knives, you can rotate the knife pairs to expose the new edge and get another season before
you need to sharpen them. There is no need to buy all new knives.
Only replace the knives that need to be replaced I.E. a broken knife or damaged pairs of knives.
Take your time, read through the flail mower thread, ask us questions and come back and ask more questions.
Operate the flail mower at the 540 RPM PTO engine speed at les than 4 MPH or lower as the mower will not work well if you travel too fast and you will not be happy.
If you have a steam jenny or hot high pressure washer spend time cleaning the mower especially the flail mower rotor and the bearing mounts to expose anything wrapped around the flail mower rotors inner bearing hubs.
A little work will get you a forever mower Matt1.