engine or outdrive leak

[spareparts]

look at the exhaust tube, from the riser down to the transom plate, it a has a joint about halfway down that could be leaking. Check teh rubber exhaust hose connections, they coiuld be leaking while the engine is running. ALso pay attention to the area around the input shaft, where it comes thru tha transom plate. One more place to look is move the water hose on the outside of the transomplate, where it sits up against the out plate, it can pocket corrosion behind it and you won't see it till you move the hose