I havent run my car in awhile and I noticed that when I start the car and after its starts warming up it has a ticking noise when it is idoling. I figured its the lifters cause it hasnt been started all that often. The funny thing is that it only happens as the car gets warm/ You can't hear it when you first turn it on. I also noticed some water coming out of the tailpipe. Is this worst than I think it is?

If the ticking is a constant ticking, it is most likely the lifters. The lifters in these engines are hydraulic and and must pump up with the oil pressure. Once the oil warms up and become thinner, the ticking will become constant due to the lower hydraulic pressure of the thinned out oil. As far as the moisture from the exhaust, this is also normal of a vehicle that has not been started in a long time as the condensation that builds up in the exhaust system must heat up to a point where all of the moisture burns off. The longer it sits, the more moisture will build up in the system requiring longer times to burn off. If after a few days of running the moisture does not burn off then I would get it checked out by a certified mechanic.