ErHello guys so I finally got a boat. Its not a beauty by any stretch but it is mine and it floats lol. I have a 1979 Bayliner admerality with a 470 mercruser and a 3.7 motor. I took it out for the first time and it ran great for 15 min then it started to get hot. I immediately shut it down and put it back in the trailer. After reading a bit I pulled the outdrive off and found the water pump was worm out. No big deal I'll replace it but the question I have is when I pulled the outdrive there was water in the main shaft area where the bearing is pressed in the boat. What should cause water in this area and how do you lube that bearing up. Also the other question I have is there is a small amount of water in the oil... I have also read up on this here is why I am confused. I have checked the cooling system and it is my losing water nor is there any fluid coming from the weap hole on the engine water pump. Can you guys help me shed some light on both f these issues.