My reaction was immediately, "Logan lathe. 9"? 10"? Change gears, no quick change gear box. Tailstock, not turret. Are those parts behind it for this lathe?" Around here there is a serious shortage of machinery, as we did not have as much industry as other parts of the country as soon, so it would be worth considerably more here than, say, Indiana-Pennsylvania. It is a good lathe design, you can get a quick change gear box for it when they come up on eBay, and it may be all you need. But you'll need to do some more research (guided by the wonderful members on this site who have helped me similarly) to know if it's worth it to you for your needs. If it turns out to be in great condition a quick change gearbox (or even an entire additional lathe for parts) would be most likely be cheaper than a new Chinese lathe. But then for $2K you can get a PM-1022V at your door with quick change, variable speed, and known condition.
Let's see some more photos if/when you can. Start with the nameplate on the front, the serial number at the other end of the bed, and an inventory of everything that is included. Find out if the motor is running, do your best to gauge if there are worn or broken parts, and generally inspect it with degreaser in one hand and a camera in the other, so to speak. If you can get it for almost nothing, it may be worth it just for the sake of selling parts to others who need them if it turns out to be in poor condition. Even if some gears are broken there should be others that are in excellent condition, for instance. The chuck and tailstock could be perfectly usable. If it's remarkably cheap (say, under $200??) and easy for you to get it, then I wouldn't hesitate to do so if I were you, because you can absolutely recover that kind of investment just from parts. If it's a pain to get it, the price is higher, and there's any question about the condition, then you'll want to be more careful.
Lathe.com is your friend, with lots of information on these machines.
Oh, a new belt is like $30-40.