First things first. What you have, an inboard/outboard or I/O power package, is the highest maintenance power package you can have in a boat. They must be maintained, or then you have noisy gimble bearings and outdrives that won't come off. If you want low maintenance, you don't want an I/O, you want a modern outboard. But you have this boat now, and you've put some money into it, now if you sold this one, what would you have to spend to get something you are going to like? I'd say that I'd get my boat in to proper shape and then get it on a maintenance schedule that will prevent those problems from recurring. But that is not going to be cheap unless you are like me, a backyard mechanic for 40 years that fixes all my own stuff.
So you can sell this, but if you buy another I/O, in a few years you will be in the same boat so to speak. If you want to sell this one, then get an outboard next time. If not, then fix what's wrong and start maintaining it by the book. That means, removing the drive at the end of each season, checking the bellows for water, greasing the gimble and ujoints (some newer ones you can't grease bu they can and should be checked for wear). Also you change the gear oil and look for water in the gear oil, if you find that you get it resealed because it is leaking. You also have to make sure the shift linkage is adjusted right and the anodes are in good shape.
I do the winterizing, springizing, tune ups, drive r+r, starter changes, manifold changes, all of it. That's the only way to keep an old boat reliable. I turn the key it always starts.
_________________ 88 Four Winns 200 Horizon 4.3 OMC Cobra-4bbl 2002 Walker Bay 10/2012 Suzuki 2.5 2008 Walker Bay 8
1998 Jeep Grand Cherokee 4.0/Selectrac 2007 Jeep Grand Cherokee 5.7 Hemi/Quadradrive II
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