G'day mate and welcome!
I can't fully comment on a few things as I'm not a mechanic (so that rules out your power loss and hevac questions), however I can provide some insight into a few of the others!
The becm has obviously been replaced and old mate may have had a gutful of getting locked out so he has most likely had the immobiliser disabled (hence the key with no buttons). This may be a good thing if your Rangie will be garaged at night. Others have had a few issues sorting these problems on early p38's.
The dent in the upper tailgate appears to have been struck or possibly attempted to be closed with something hanging out the other side (repeatedly). I'd say its been a dodgy repair and painted. Not sure how hard the repair is for this.
The handle on the upper tailgate is no biggie - mine is cracked slightly too and I dare say it is just due to the amazing weight/force of the upper tailgate when you close it. No biggie!
The repair to the bumper should be cheap and I'd assume a panel shop can do this for you.
The air suspension issue sounds like a slow compressor. Could be simple, could be complex! Short of a full inspection it is hard to say. If it is the compressor you are in a good position.
If I was to make an offer based on what you've mentioned, it'd be around $7500 to $8000. If old mate has accepted an offer considerably lower than this I'd suggest there may be more wrong! Check the cooling system over thoroughly before you shake hands... Maybe a head gasket is on the way out...
Hope this helps mate!
Cheers
Keithy


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