A Royal Surprise

Like many, I have set a Craigslist alert to tell me about machines that come up for sale in the area.  I have gotten some really good leads that way but lately I have only gotten alerts about overpriced standards or electric machines.  Then this alert came in for a "suitcase typewriter in working order."  One glance and I knew they were selling a Royal P for a reasonable price.  I contacted the seller and found that they were seven minutes away from my office.  What are the odds of that!  I negotiated a nice deal from a young man who had bought a property and found the typewriter while cleaning out his barn.  With serial number P260534, my Royal P is from 1931. It has a few issues.  The feet are gone, but I can solve that.  The paint is a nice two-tone brown, but it has pitting on the paper tray and a bit of rust and a lot of flaking on the back.  I would welcome suggestions on the best way to address these issues as I do not plan on re-painting the machine. I was thinking of some very gentle cleaning in these areas and a bit of clear coat paint to seal things up.  I think the rest of the machine will clean up nicely and look great with a coat of wax.  Any thoughts from the typosphere?