Hello. We are two sisters looking for some boat motor help/advice. Our grandfather willed us his 82 runabout..It has a 70 HP Mercury Outboard rebuilt in 1992. The motor seems to have a gas and oil leak coming from the carb...Leaks can be seen under the carb, and when motor is tilted up gas and oil mixture spots out a bit, but eventually stops after a few minutes. We took the boat out last week and it stalled and would not re-start, eventually we were able to re-start but it was having trouble starting unless given throttle (which we never had to do before) after we got the boat home we had trouble starting the engine again to flush. Now we have noticed in addition to the gas and oil leakage, there is a red fluid leaking just below the propellor..The boat itself is an 82, and motor was as stated before partially re-built in 92. Are these pricey items to fix, or should we scrap the boat and motor all together?? Thanks for helping the two damsels in distress...