With a closer walkaround, nothing jumps out as questionable. The ugly spots are not a show stopper and may be more about the paint prep, actually.
Actually, this would raise a red flag for me. You can still see the original paint, (or previous paint) under the current paint that has been exposed around the rivets and on the skin lap joints....to me this indicates that the plane's current paint was most likely a "scratch 'n shoot" and NOT a complete paint job.
This is CORROSION, and while minor now, you will have to have it addressed at some point before it gets worse.
The TOP layer is FAILING, and is exposing the old paint underneath.
That may be just one area that was repainted, or the whole plane.
You would have to examine the plane in person to tell for sure.
While NOT a "deal breaker"- it will help you determine what to pay for this plane, OR point you towards other ones for sale.
This is the proper way to paint a plane:
Strip to bare metal
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Totally treat bare metal, corrosion control, Alodine
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Epoxy prime
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Base coat (this is as far as you actually have to go...)
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The color coats
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Done:
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