I recently purchased a 1989 Galaxie 17.5' boat with a OMC 3.0 liter 4cyl. The motor was supposed to be newely rebuilt with everything havung been inspected and gone through. I took it out about 6 time and it ran great, I went to take it out this weekend and checked the oil to find it was milky and when I drained it it had about a pint of water in the oil pan. I assume its a head gasket or cracked head but does anyone else know of anything else that it could be? I am new to boating and after a 4k investment kind of bummed, hoping for a miracle i guess..