I just purchased the boat with this motor 1 week ago. No idea of when
the impeller was last changed.
You need to service the lower unit. Replace the water pump impeller and gear lube .The impeller will take care of your problem.
Can you give me a brief how-to on replacing the impeller. I have changed gear lube
on many motors but have never changed an impeller.
Marine Mechanic
20 years experience merc,volvo,omc