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Severe Rust Damage?

I am helping a friend search for a Pantera to buy and we came across this.  The outside of the car and its engine bay look good in photos but the bottom of the car is a different story.  Some of the sheet metal looks like Swiss cheese, the bottom of the front valence is MIA, and a large X shaped brace has been welded in place under the front floor board.  Perhaps the car was sagging or flexing and needed some shoring up.  The seller is not disclosing any of this in his ad and the following photo was only provided up request.  It is not part of his set of photos in the ad.  The car is priced as if there are no issues with it.  On the up side, the car has plenty of fresh flat black spray paint on the bottom

IMG_5540

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