Re: 1985 evinrude 30 hp shaft is hot
Until we get a little more info, everything is a guess at best.
Assuming the power head is properly cooling (You can splash a little water on it when running. If it stays liquid for a reasonable amount of time it's ok. If it sizzles and boils, it is not ok.) My guess is what you are seeing as steam is actually exhaust gasses.
Is it a salt water motor? It is possible to have salt deposits gumming up the works and not fully cooling.
When in doubt on a new to you motor, it's never a bad idea to change impellers and flush out the cooling system.
My guess is you are ok, but emphasis on the guess part. If you're worried, have someone who knows what they are looking at take a look.