2+ on the low cost endocopesVery good. You can recover the tail with standard fabric. Airplane Manufactory, and ASAP both used 3m eco bond, and Dacron, and they have covering instructions, or you can go with your favorite system. The aileron wing is a much better wing, that’s good news.
I would highly recommend sending the 503 off to your nearest Rotax builder, and get a reseal. The case and crank seals eventually leak causing it to suck air (a lean condition). It’s not very expensive, and will save you a lot of frustration in the long run.
Tap along the bottom of the wing. You are feeling for debris. It could be insect, or rat nests. Rats are the worst because their urine is corrosive.
Clear out anything you can find. You might have to take the wing of and Carefully shake it out. You can inspect the inside with a $60 Amazon scope that connects to a laptop or a phone.
Clean it up.
Get a steno pad and your most critical friend and go over it front to back. Anything hard ware or bits that looks compromised change it out. If It has the old heager breaks change out the fluid, and the break piston rings, possibly the break hoses.
My suggestion is do the engine, fuel system, inspection (punch list) tail, fabric repair and get it in flying shape. Not pretty, flying shape. Fly it for 50-100 hrs and then think about any mods you feel it needs. These are great and very forgiving airplanes, with somewhat unique handling characteristics compared to a 172 or Cherokee, that take some getting used to.
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