There is always something to be fixed.Also before you count the garage conversion find out if you can convert it. 

After going through the conversation, I learned that the home is his great grandmothers, that passed and left the home to his mother.

I know this because we just locked up 2,500 SFR's in FL (in Orlando, to be specific) that are past the redemption period (bank did not pay delinquent HOA dues), and the same law group that won the case in Nevada in front of the Supreme Court (see link below) is currently handling the conversion into Warranty Deeds.

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Sam Jones It will vary between banks, but in the last conversation I had I was told six months for any non owner occupied property (rental) and two months for your primary residence.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

Here are a few recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

We look forward to engaging with other BP members and we hope to add value to the conversation.

I set one up and paid the fees for a while before I did a deal.Not sure if it was the right way to go, but you will be set once you are doing more deals.Specifically for you I know from previous threads and conversations you live in NH and work in MA and think you would be looking for deals in both.