I have got hold of a 20 ft boat with a 3.0 lt OMC Cobra stern drive in it for free, well it cost 2 cases of beer. It was all running last time it was used, around 3 years ago. No water in the motor none in the outdrive as far as I can tell so far. Now I'm under no illusion, I work on boats for a living. This is a restoration. I figure I will have to do a fair bit of work on the out drive to make sure it's water tight. Seals, water pump ect. Might even have to rebuild the thing. I'm not familiar with these outdrives. I will do the work myself. Any hints out there. I'm in Australia where to get parts book's ect.