Re: Newbie on boat motors....
I can understand your dilemma here too, as I'm sorta the same way, pretty well versed in automotive stuff but not at all marine. Anyway, I think the water pump should be in the lower unit, and is driven by the driveshaft. The lower unit should have six bolts, 3 on each side. When you loosen those, the only thing holding the lower unit on should be the shifter tab. You'll need to put the shifter in either forward or reverse, and the lower unit should drop down. I can't remember which makes it come down. Anyway, that'll drop it down an inch or so, and you can get to the last remaining bolt holding the lower unit to the shifter tab. Once the tab is unbolted, the lower will come loose so be ready. Pull the lower off and you'll see the long driveshaft sticking out of the lower unit. The water pump is where the driveshaft runs into the lower unit. It should be held on by like 3-5 bolts. You'll pull the cover off and see the impeller, it looks like a star shape. If it's damaged, or even if it's not, it's a cheap replacement and easy peace of mind.
BTW, I only have experience on my little 9.9 Evinrude, but I think many small outboards are similar in their design. Hope this helps.