Lots to check for if you are looking at the truck 'in person' - as I don't normally have that luxury and have bought trucks from across the country:
Working front to back:
- lower front fender cups - these rust out at the lowest part
- front frame horns - check to see if the bolt holes/horns tweaked as these rigs have a tendency of being beat up a bit
- battery tray area - under this the acid rots the core support
- inner front fenders - these rust out around the holes and where it bolts to the core support
- firewall - check near the heater/AC box - as these can rust out from moisture/junk in the cowl
- windshield frame outside/inside - they DO NOT make replacement windshield frames so this area is critical
- kick panels/lower A-pillar/front floor - check for weak metal or signs of patching
- inner/outer floor area - including exterior rocker
- torsion box (area under door jam) - this is a key structural area of the truck
- B-pillar - this is the most prone to rust as you have 7 parts that come together here.
- Lower bedside - Just behind the door on both sides is where the rust will show on the body - this is a pain and $$$ to fix correctly
- cargo floor - rust near the rear wheel tubs and floor or inner bedside - also near where the floor and tailgate meet (due to poorly sealing hatch)
- rear splash shields - found behind the rear tires- these take a beating from water/dirt/rocks/etc.
- tailgate - bottom where it meets cargo floor
- hatch - check to see if it opens and can lock/hold itself up
- hatch - check to see if it can close/latch and not rattle
- top - check for large cracks, holes, chipped material - these trucks are not water tight - so keep that in mind if you are storing it outside
Good luck - I've learned a LOT by looking at the build threads in the Blazer section - if you want to see where rust can hide - feel free to review a prior build
post of mine here from a few years ago.
You can easily overpay for a rusty truck if you don't know where to look and then get it home to make 'quick fixes' and find surprises (that usually are the tip of the iceberg).