Steady buzzer in throttle area/ inherited boat last year and first ever owned

by Nathan Stephens
(Mountains of north carolina)

I have an older bass tracker alluminum boat with a 2000 yamaha40 2 stroke outboard.... Runs fine for about 5 mins then an alarm sounds in the throttle handle area.... A steady alarm not beeping.... Seems to have water coming out the peehole.... No exactly sure what kind of pressure or temp the water should be bc I inherited the boat from my papaw and is the first boat ever owned.... I don't want to ruin what my papaw had used to go fishing for past 14 years.... Can anyone help me out

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