05 Taco Frame (Need your expertise before I proceed)

Hi all, I've been hunting for a Tacoma for a good while and I found one in my budget and that I like but the pics of the frame the owner sent to me concerns me. Its an 05 6 speed and he live about 100 miles away. He sent me two pictures shown below and it doesn't look great to me. He also said he put a coating on it but looks like rust is bleeding through that. You guys know this issue all to well so I have to ask, is this a screwed frame? Would I be able to get a new frame from Toyota if it is rotting? Would I have any recourse at all? Any help would be greatly appreciated. Just want to know what Im in for or if I should proceed at all.

 

X2

While it looks like surface rust. There's a difference between here/there and the entire frame.

 

What kind of coating did he spackle on there

 

Thin set? Joint compound?

 

Subd for answers on whether or not Toyota would replace the frame. Is the time for getting a new frame passed?

 

get yourself a hammer and go bang on it. 10mm hole is a factory fail. up by the cats is a popular place for rust.

 

Looks like he smeared brown caulk all over that.

Frame could be solid. If you really like it, do a thorough inspection with a hammer and a flashlight.

Also I don't believe the truck can get a new frame as it would be purchased after Dec X 2016 (some date close to that)