Re: Corrosion on stern?
I HIGHLY doubt it's been garage kept it's whole life. That is fairly typical corrosion for a drive that has been left in the water for periods of time. The stainless steel prop also has some residue on it, and that is from it sitting in the water.
That corrosion is mostly cosmetic, but I would remove the prop and really check the rear bearing carrier closely. And everything else. The owner is not telling the whole truth about how the boat has been stored, so I wouldn't trust him on anything at this point.