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Update: The outboard has been removed along with drain tubes and transducers. Bad news is that I found the leak, the new drain tube in the splash well got damaged somehow when the outboard was put on thus allowing water in. The area behind the drain tube was soaked and the wood is pretty much a mush. The worst damage seems to be in between the two drain tubes, water from the top running down, and spread out about a foot from the center. I also noticed the fiberglass seam along the top of the transom has began to separate as well. It's not looking good for my plan of just letting it dry out for awhile. Moral of the story is triple check your drain tubes!