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Have you ever overheated this engine .
From the symptom you have explained shoes that you have a blown cylinder head gasket .
You will have to do a combustion chamber leak test to see if you have blown the gasket .
I just brought this vehicle and i let it run and it did not over heated yet. but there is a stick stuck in the radiator to prevent the anti freeze from coming out. so their is a strong possiblilty that it over heated
But looks like a typical headgasket leak ,this normally happens after you have overheated the engine and if the previous owner did this then they overheated the engine and sold it to you .
Did you buy this car knowing that it had a problem
typically how much will this cause and will it be a possiblity that the putting will stop
If you have the headgasket done then the car will run normal again , the water getting into the cylinders will cause the engine to run bad as it is .
I believe your answer is correct thank you for you assistance,