I'd like to rehab it, build a small box for two people to sleep inside (and some storage) and be able to haul a pair of dirt bikes (Suzuki DR350 motorcycles, to be exact, at about 260 pounds each) and pull it behind my Jeep.
I have so many questions that I don't really know where to start, so here are some pictures from the ride home...


I am concerned about this hitch, as I don't see any facility for locking it..

I know that I need to pull the hubs and replace the bearings and seals.

I'm guessing I'll be able to use the axle and hopefully the springs as well.
Initial thoughts are to deck it with, well, deck material, and build the box in the middle with storage between the wheels and a flat "bed" over that (extending over the wheels as well). Motorcycles would go up front and behind, for balance.
If it's worth tackling, then let me know that and offer suggestions for doing so on a tight budget. If it's just a bad idea, then I would like to know that before I sink a bunch of hard-to-come-by time and harder-to-come-by money into it.
I welcome all suggestions.
Thanks!
John
edited to add dimensions: 6' 8-1/2" W x 8' 8-1/2" L not including tongue or bumper..