As long as there is no smoke coming from the tail pipe when the engine is up to temperature, the water from the tail pipe is normal. This is condinsation from the cooling process of the engine.
The burnt rubber and fuel smell can be serious and should be fixed asap. If a fuel line is burnt through the obvious can happen -- fire. If it is something like a rubber hose or something rubber burning then the fumes can be toxic.
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Saturday, October 25th, 2008 AT 1:57 PM