it is crap, I am in Leesburg I will come and take it off your hands......
Kidding. That looks not to bad.
First thing, pull the carpet. If you want to keep it then take it out carefully. You will find more holes in the floor and on the drivers for sure.
Check the rear quarters, North East...they are rusted or rested and repaired.. That back hatch looks better than mine. I have a fist size hole in mind, but have a second hatch.
The rockers can be fixed and worst case you can cut the rockers and put sliders there.
Does it run? That 5-speed conversion is a bonus. I say fix it and enjoy it. Mine is or was as bad. I am currently patching 6 holes in my floors with a combination of welding and epoxy patches (using body work epoxy so it is staying forever). You do not need to be a pro welder. I know i am not.
But you need somewhere to work on it.
Asset the rust, check the mechanical, dump the gas if it has sat for a while change all of the fluids and make sure the brakes are solid.
If you want it as a DD, they you MUST look at the requirements for safety inspection.
Virginia State Police - Safety Division
RUST cannot be any holes leading into the cabin of the vehicle.
19VAC30-70-270. Floor pan.
Inspect for and reject if:
1. The floor pan or inner side panels, front or rear, are rusted out or have any
holes other than normal drain holes that allow exhaust gases to enter the
occupant compartment or trunk.
2. The floor pan is rusted through or is in such condition to create a hazard to
the occupants.
A hole in the floor pan which has been properly repaired by
welding, or through the utilization of a metal patch riveted, screwed or welded to
its surface is not prohibited. If the floor pan was initially constructed from wood,
it may be patched with wood.