Over 500 Posts
Join Date: Feb 2008
Location: Staten Island NY
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If there's no tone change, no tick, no noticeable cracks, holes, or bends then you're in good shape.
If you want to feel better about it you can change the gasket but i wouldnt bother, if not done properly you could end up with an exhaust leak after the work is done.
Water dripping from exhaust is normal. Mind your weather conditions when you see the water drip.
Is it cold? is it humid? is your underbody wet? I've heard nothing of a drain hole in the factory exhausts but i suppose it could be possible.
05 G35C 6MT-SPA Turbo custom kit-Osiris Dyno Tuned -HKS Blow off valve-Stillen Cat-back Exhaust