I took exactly that gamble when I bought my YM240 in 2003. The seller just barely got it started as he ran a good battery down to weak. Dashboard warning lights were dangling by my knee, fuel filter assembly had been discarded and replaced with what was likely a lawn mower filter. Both headlights bashed out. Left brake stuck when pressed, I nearly looped in a circle when I demo'ed it. Every bolt on the tractor loose, it squeaked and rattled as it rolled along.
I spent a month renovating it. Luckily at the time there was an importer of "rebuilt" (Vietnam repaint) Yanmars nearby and I bought most everything I needed off their many warranty return tractors parked out back. Wheels, headlights, fuel filter assembly etc. A couple hundred $. Later I bought a new starter off Ebay (China replica, $89) and years later new OEM injectors from a local diesel shop. That initial renovation was in 2003, this axle housing repair is the first significant repair since then.
Yanmar quality is excellent, simply catching up all the ignored maintenance is likely (not certain!) all that thing needs. If it were me I would carry over a fresh battery and fresh fuel and try to get it running to verify no major problems. Hopefully the next owner's experience will be as good as my experience with that model Yanmar.
Fuel filter the good ol boy American farmer had substituted. I don't know why he discarded the old assembly - the filter element is listed by Wix etc.
OEM fuel filter assembly from the VN 'rebuilt' vendor (had wrong fuel bowl) and the correct US bowl and element from Hoyetractor. Under $50 project.
Hopefully the new owner of that CL Yanmar won't have more to deal with than I did. If he's lucky it is fundamentally sound but severely neglected and a little tinkering will put it in service.
Yeah start with simple suff first when diagnosing no start tractor problem, so if it's a tractor like yours and not far away and cheap, be worth atleast a look see. I buy another tractor like my L3400 in a NY minute if I could find a great deal.
I cant understand why or imagine a tractor rim would be cracked and welded like in that picture, wow, what would be the cause of that..........No one works a tractor harder than me.