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Any vehicle that age will have lots of things that require replacing. Anything made of rubber will simply die of old age. I would plan on wheel bearings day one, probably tires unless they are very new. Brand X tires are a huge mistake on any trailer. While packing/replacing wheel bearings one might find brakes are needed also. Wood coach framing is subject to rot. Parts availability on a rig that old might be a problem also. You never have too many tools.
The question is like always, WHERE DO U START, AND WHERE DO YOU STOP.
Screw drivers
Vice Grips
Duct tape.
Those are the very simple basics which will do most things.
If you want/need to add more, then it is a wrench set, then a socket set, channel locks, hose clamps in various sizes, extra wire and fasteners, silicone caulk, hack saw, electric tester, and various lubricants...oil, grease and CRC 56.
One thing that's frequently overlooked but very VERY appreciated when you need it: a utility knife (also called a "bushcraft" knife).
Knifeheads (yes there is such a thing) will suggest that you spend a lot of money but Morakniv makes some perfectly serviceable budget knives for typically under $20 including a sheath - your choice of stainless or carbon steel and different colors of haft and sheath. I ended up getting the "Companion" in carbon steel and putting a patina on the blade with vinegar, but if you're not going to use the knife much (thus opening more of a door to rust if it sits in a toolbox long enough) I would go with the stainless.
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