The biggest concerns:
1) The badly rusted rear valve stems. From what I saw the rims look fine, but the stems are badly corroded.
2) The owner stated that the machine ran in full time 4wd. He did not
know that there was a control lever. Thus, the tractor may have run for 216 hours
in continuous 4 wd.
I am not a tire expert. If just the
internal tire valve is corroded, it should be a simple screw out/screw in replacement. If the
external part of the stem is corroded, I do not know how difficult it would be to replace but I am sure your local tire store can give you an estimate. ((I can't imagine people or insurers paying for replacement car tires when only the valve body needs replacement, given low skill levels at parallel car parking today.))
Corrosion of the rims is another consideration but they are thick steel. Even corroded with sodium chloride fill rims should maintain structural integrity for twenty-five years. The third/fourth owner can replace the wheel rims.
Operating the tractor on dirt in 4-WD during 'normal' tractor operating conditions is perfectly fine. Damage MAY occur if tractor was run at high (15 mph) speeds on the road for twenty consecutive minutes or longer with 4-WD engaged. Small front wheels and associated gearing do not like long term high speeds.
[Music playing in background: Release me, LET ME GO.]
I operate my tractor and my previous tractor in 4-WD continuously on dirt, only disengaging to 2-WD when I drive on a hard surface road in HST/HIGH. The traction load on a tractor is constant at a given load. In 2-WD the rear wheels propel. In 4-WD the front and rear wheels propel, but the total traction load is the same, but shared.