I finally figured out the leak that I found back in the first part of June was the bellows after all. We were going on vacation the first two weeks of July, so on June 29 we pulled the boat and dropped it off at the shop. He said it would be round $350 for a new bellows and outdrive service.
LESSON LEARNED: This being our first I/O I am still learning. I found out that when you find out your bellow is leaking, you get it out of the water pretty quick and get it fixed, even if it is only dripping ever so slightly. It turns out that even a little drip of water is not good for the gimbal bearing and u-joint. So I got to replace those also since I let them be exposed to water for almost a month!!!
Live and learn!!!!
_________________________
1999 Four Winns 258 Vista Cruiser
1999 Chevy C3500 Crew Cab