Is there a solution for the EIFS water entry issues?
Yes. All of the major manufacturers are now selling products that drain. They use different approaches to provide a drainage plane behind the EIFS so that any moisture that leaks through the outer barrier can drain away to the base of the wall, and seep to the outside. When properly installed, they dramatically improve the performance over the older barrier EIFS. Of course, they will still be sensitive to proper installation, like any exterior siding system.