When my storage tank got low, I wire brushed it and then first used a rust converting paint as a primer and second finish coated with rustoleum oil base paint. The side anle iron on the lower edges of the tank, as well as between the steel cross straps and tank are, of course, where the rust will be worst as water gets trapped there. I used a 4x4 and hydraulic jack to lift one end of the tank 6" at a time to wire brush and prime/paint underneath as well.
Then, I got inspired and bought several rolls of 6" wide by 20' long garage door bottom edge sealer... the thick, soft grey poly foam stuff, about 6" wide, with a slight angle to the profile Cut to length, it runs along the angle iron and makes a GREAT waterproof cushion for the tank to rest on. I also used TWO pieces, run parallell lenghtwise, along each belly strap. It seems to have been working great to keep the water out of those tight spaces... I believe that it will prevent me from having to do the wire brush and paint work ever again.
Of course, only time will tell, but it has been looking/working well for 3 years now.