Just got back from checking it out.
The Bad: Rust was much worse than expected. Door strickers, front floor pans and cross support (cross support so weak that the tub was leaning and making it so that the driver door would not close), rear floor behind inner fenders, upper and lower rear quarters.
The Good: all electrical worked, engine oil was clean, trans and transfer case shifted smoothly, frame was clean, interior was all there including clean dash and dash pad.
In the end, I bailed at $2,500. If anyone is interested in checking it out, just go to St. Louis Craigslist and search for 1977 Bronco. It is a Ranger and deserves to be brought back, just outside my skill set for a first Bronco. Unfortunately, it was raining so I did not take any additional pictures or video, but I will do my best to answer any questions.
The hunt continues!