Hi Michael
I think you can go with the lube ideas previously mentioned. Depending on access, a lubrication tube would be worth considering as Richard suggests. I think "Model Boat Bits" do a kit which you may be able to 'retro-fit'.
As for determining the waterline, I think I would start by weighing everything you are planning to put inside the hull – motors, batteries, radio etc.- the lot. Then, plug up all the leaks (Blue-Tack /whatever's to hand) and find some water -.kiddies paddling pool, garden pond, friend with a pool (you should be so lucky !).
Initially, I would float it empty, being a steel (?) hull it should sink to a 'natural' level but may be a bit 'wobbly'. Note the waterline and the boat's trim – eg bow low /stern low and any side-to-side list.
Now add ballast equivalent to the weight of the planned internal equipment. Move it around until a satisfactory trim is found.
You may find the level is higher than you thought acceptable. Come back to us with some photos. I'm sure the experts will be able to say what's safe. Then you can draught out your lines…
Cheers for now,
Dave
Edited By Dave Cooper 6 on 09/05/2021 22:11:20