I have a 1986 mercruiser 140 with an alpha 1 outdrive. I was having trouble trying to start it one day when I noticed that there was water in my engine oil. After draining it there was probably close to 4 litres of water that was in there. So I put new oil in, went for maybe a 2 minute ride and parked my boat back in my slip and checked the oil again and it looked fine. So when I came back the next day the boat didnt want to start again. I took the dip stick out and water started to come out the dipstick hole again. After i seen that I just paddled the boat out. Pumped the oil out again, and again there was probably 4-5 litres of water there. The water still looked clear. Anyone have any ideas? Thanks a lot.