I'm not saying he's wrong, but I cannot find any reference to a gas powered 7.3 engine in 1981. My IH book indicates IH phased out gas engines for 1981 (though this could be a 1980 leftover?). The 7.3 is usually a diesel engine, and is 444 CI (not the 446 as the seller indicates) ... the 7.3 diesel wasn't even available in 1981. Judging by the photo, it appears to be a small-block gas engine, most likely a 345 or 392.
The 345's and 392's are OK engines, but expect fuel economy somewhere in the 3-4 MPG range. And they'll struggle to go up long hills, even empty. If you plan to only drive this once or twice a year - very short distances - you might be OK. The 345's and 392's are getting harder to find parts for by the day. Believe me, I've tried! I saw this ad - several times - and skipped it. I agree with the others here. Find something with a diesel. The IH 6.9 / 7.3 (DT444) / 7.6 (DT466) diesels are solid choices, they are very common, very easy to find parts for. Mine is an '87 IH with the less common 9 liter engine. Cummins and Detroit Diesel engines are also easy to find parts for. Cat engines tend to be a little harder (and considerably more expensive) to find parts for, Mercedes engines even more so.
I have driven a number of trucks with the DT466 engines, I cannot remember ever having a single breakdown in one. (There was a DT408 which blew the turbo boost hose off, but I was able to fix in 5 minutes and continue on my trip).