Won't help the bearings, camshaft, lifters, etc. Water (Ethylene glycol) makes a very poor lubricant.

Yea previous owner was original owner but had just purchased a new pickup a year or two ago so i dont think he cared to put the time into the jeep. Ill do my best to get her healty

I would try fixing it yourself. You can get detailed write ups with step by step instructions. Then it's just having the tools, time, and money to do it.

Some people in this thread got some great deals on Jeeps.