[daedal.]

I bought a couple of new Air Tools today and I've been running the compressor pretty extensivly. I wasn't really checking on it since it sits in the garage while I work outside.

When I was done for the day, I came back in to drain it and shut it off when I noticed it leaked a good ammount of Compressor Oil on the floor and on the tank. It was pretty dark so I couldn't spot where exactly it had leaked from but is this a really bad sign or is this something common? It seemed pretty hot too. I think it might have lacked clearance space around it since my partner was moving stuff around near it. Could that make the Oil boil and leak somehow? It's a really cheap model from Taiwan or something but it does the job :P

It's also generating allot of water. Some actually escapes through the hose when I use tools like the Die-Grinder and Air-gun. What can I do? I drain the tank every time I use it. I was told to remove the drain bolt when the compressor's not in use which prevents rust. Is this true?

Any help is grately appreciated. Thanks!