After too lang a period of neglect I finally took it upon myself to restore the bike to ride-able conditions. Living close to the sea in a humid climate and cycling my bike everywhere through snow and road salt you can guess what happens.
The frame was raw with a matte finish originally. The finish can be peeled off like one would with a hard boiled egg most of the places, especially those where rust has crept underneath. Especially the dropouts, the bridges, bb area and downtube gusset are heavily corroded.
My initial idea was to peel the paint and sand off the rust. Then primer (rust-stopping primer?), color of choice and transparent finish. I'm just a bit worried about specks of rust remaining underneath and me having to repeat the whole process in due while.
So, I guess my question would be: What would you do? In as far as you could possibly say judging by these pictures.