Definitely replace the timing belt. If you don't have a mechanic you are comfortable with you could use O'Brien Mitsubishi, they seem to be good people. Whatever you do don't go to Rick Case Mitsubishi for service! As much as I would like to recommend going for larger mud tires (sounds like you would not need them) you should replace the BFG's with the same size light truck tire. I've used Discount Tire in the past. They offered great service, competitive pricing, and there are a number of them around Atlanta. I personally go to the one near me on Peachtree Industrial Blvd. in Chamblee and I can say they're excellent to work with.
BTW, if I wasn't heading out of town in the morning I would offer to take a look at the rig for you. Regardless, good luck If it's in good shape I'm sure you'll enjoy owning it.
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