Hi guys, new user here. 
Been looking into buying my very first boat, and of cause an outboard engine to go with it, i finally decided on a Mercury 500 outboard, and got one very cheap - but it has not been run since sometime in the 90's.
A little history on the engine:
1 owner since new, very well taken care of outboard, owner was sailing when the engine started to cut out, and they decided not to use it anymore, and just bought a new one instead and stored the old one in a garage since, the engine was running when put away.
My hope is to get the engine running again, and being able to use it on my very first boat, but a do need a few pointers on where to start, never worked on old outboards before, but got plenty of experince on two and four stroke engines, cars, motorbikes, scooters and so on.
Got a Service manual with the engine, but unfortunately its for a newer style of Mercury 500 series, the book is from serial number: 9136250 and up, and the engine is 9048514, so an older version.
Let me get to the problems:
The steering swirl is stuck, engine cant turn from side to side, and tips on how to free that up ?
What do to before trying to start the engine ? it does crank freely, good compression on all 4 cylinders, carbs most likely needs to be serviced, impeller also, since its been sitting for so long, it only has a pullstart, no electric.
Any thoughts about the cutting out part ? Mechanic said it was the mercury tilt switch on the engine making problems, but i can't locate it on the engine, thinking maybe its gone already, or maybe never was there on the old style Merc.
Will add a few pictures of the engine.

Kind Regards
Ronni
Been looking into buying my very first boat, and of cause an outboard engine to go with it, i finally decided on a Mercury 500 outboard, and got one very cheap - but it has not been run since sometime in the 90's.
A little history on the engine:
1 owner since new, very well taken care of outboard, owner was sailing when the engine started to cut out, and they decided not to use it anymore, and just bought a new one instead and stored the old one in a garage since, the engine was running when put away.
My hope is to get the engine running again, and being able to use it on my very first boat, but a do need a few pointers on where to start, never worked on old outboards before, but got plenty of experince on two and four stroke engines, cars, motorbikes, scooters and so on.
Got a Service manual with the engine, but unfortunately its for a newer style of Mercury 500 series, the book is from serial number: 9136250 and up, and the engine is 9048514, so an older version.
Let me get to the problems:
The steering swirl is stuck, engine cant turn from side to side, and tips on how to free that up ?
What do to before trying to start the engine ? it does crank freely, good compression on all 4 cylinders, carbs most likely needs to be serviced, impeller also, since its been sitting for so long, it only has a pullstart, no electric.
Any thoughts about the cutting out part ? Mechanic said it was the mercury tilt switch on the engine making problems, but i can't locate it on the engine, thinking maybe its gone already, or maybe never was there on the old style Merc.
Will add a few pictures of the engine.




Kind Regards
Ronni