Well, I didn't buy it... at least not yet.
I'm a little pissed off about this guy's description of the truck and what I saw when I got there. He is asking $1200 and said the only rust through was above the rear fender wells but there was some other surface rust. Got there, front floors are shot, drivers side cab corner is gone, there are holes I can put four fingers through on the bed and I can't tell what's holding the rear bumper together. Add that to the mechanical work I have to do to get this up to my reliabiltiy standards and there is no way I can go $1200 on this one. I explained all that to the guy when he asked what I'd pay and told him $500 at best. He said he had two people coming to look at it today and I said if they will pay $1200 take it and run, I'll keep looking since I have time.
Figure I'll check back with him this weekend and see if he still has it and re-offer the $500. We'll see...
Thanks for all the info guys...