The guys have it covered pretty well. The only thing I will add is a IH 86 series is not a good baler tractor. The shifter is a PIA to use. If you move much at all in neutral you will have a hard time getting it into any gear.
As for the TA it is shot. If you can't do the work your looking at $3500-5000 to have it repaired. That is depending how much is broke/worn when you get in there.
The leaking cylinder in the cab is a clutch assist cylinder. It makes the clutch push easier if the tractor is running. The clutch on a IH 1486 or 1586 can be a real hard push for a smaller or older person. Some have real hard time holding the clutch down for the neutral start switch to work.
All in all is sounds like this tractor has a lot of issues. Unless your wanting to do the work yourself and the tractor is cheap then I would pass it by. You can buy a good running one cheaper than one you have to pay to have repaired.
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