I had a dealer do an A to Z inspection on the boat before I bought it. He said the outdrive is in perfect condition. The previous owner said he left the outdrive down when he pulled the boat out of the water, which is what damaged the skeg. I had the boat sitting in the water from Friday evening through late Sunday afternoon 2 weekends ago. When I pulled it out to take it home that evening, I pulled the plug and not even 1 drop came out. It's solid.
I appreciate the feedback guys.