It's just defective paint, I picked some off. I'm gonna hollow out that neck joint some and refinish so no biggy. The neck and body both have a real thick coat on there judging by what I picked off. I have no idea right now what's underneath this thick coating of paint, but it is a RESONANT SOB and very loud acoustically. The neck weight feels about right for maple and the body about right for basswood, but I'll be stripping it tonight or tomorrow and we'll see. There's no wear to the frets at all. The seller's grandfather was in the instrument biz and this was a left over bit sitting since he passed in the early 90s, so basically new. The action was really high, but I fixed that real quick and just got done jamming out on it. Both pups were way way better than I expected. I actually liked some aspects of the neck better than the 85s I'm currently using. Nice aftermarket black knurled knobs, but cr@ppy MOTO inlays. Pretty good player. Neck is thicker than what I'm used to, but I'll shave her down after I get this gross white paint off of it. All in all, I liked playing it better than my RR3 which is my other budget axe atm. It doesn't feel sterile at all, but still feels a bit cheap with how light it is. Nowhere near my RR1, but better than the RR3.
Edit: I just took the trem cover off and it's a plywood body! WTF I like this plywood better than the alder in my RR3? Wow.