I have had this problem for a few years. The lower unit leaks from the 4 carrier bearing bolts. I tighten them and the problem comes back. It does not leak much but if the lower unit is all the way down it will leak out about 1/8 cup over a few days. I ordered new bolts and installed them with the o ring on each bolt. Problem came back in 105° weather.. Now if I tilt the lower unit so it is about and inch higher at the prop compared to the front it seems not to leak. When i changed the oil about every 90 days there is very little water in it. I have just about convinced myself to just live with this, but wanted other takes on this matter. Thanks in advance.