If all you do is scrub the fenders a few times with sandpaper to get the rust off, then why not use some Phosphoric Acid and a rag to wipe it off? Don't let it dry, wipe with a wet rag, then wipe with a dry rag. Use some PRE cleaner or other surface cleaner. Then hit it with a coat of epoxy. Once that is done you have a piece that is ready for some dolly and hammer or filler, 2k then paint.
The frame I would sandblast. Hit that with epoxy and some Chassis Black and you will be good. Any chips can be easily repaired. Just sand the epoxy before the topcoat or spray the topcoat within the recommended window.
From the looks of your photos, you have it good! Take a look at how mine looked:
Before in epoxy Chassis Black topcoat If you choose to have the sandblaster come to you, make sure you are ready to spray epoxy right away. Well, in NV you might have a day or two. Here in Florida, it has to be right away!
Good luck!
Michael