OK, so you're not an amateur, which is good, except that you haven't answered all of these questions yet:
1. What engine are you running (I'm assuming stock Traxxas 2.5, but just want to make sure)?
2. What type of glow plug have you been using?
3. What kind of fuel are you running?
4. Are you the original owner? Did you do the break-in per the instructions (be honest, if you didn't, just say so)?
5. What modifications to the drivetrain (different clutch bell, clutch shoes, spur gears, diff's) have you done, if any?
Replace the muffler coupler, don't mess around with the Goop (it's not worth it). You need to pull the backplate and carb off, clean them up and use RTV sealant on them. Replace the fuel tank O-ring. Small nick is enough to cause a problem and it's a cheap fix. You may also want to flush the fuel filter you have out.
They way it's acting, per your description, I have to believe it's an air leak.
Oh, and by no means am I intending to be a jerk, you are not going to get $500.00 out of that rig, even if it did run right. The downside of the great hobby is that these things tend to depreciate fast. Doesn't matter that you have RPM arms and all that, it's just the reality of it. The new 3.3R's are out, so why would someone pay $500.00 for a used Revo when a new one with a bigger engine out-of-the-box is $529.00? Hey man, just trying to give you a realistic idea of what to expect. I'd think, worst case scenario, you just get a new engine for it, like an OS .18TM or a RB 323. I just don't think you'll get $500.00 bucks if you decide to sell it, that's all.
Personally, I think if you seal that thing up good against air leaks, set your needles back to stock and give it another shot, you can get her going!
Good luck!