Need input

[Dave Shellenberger]

Just purchased a 3 bedroom with a rather large basement. 3 bedroom would catch about 1100 a month, however if I added a 4th bedroom in the basement, I'll get @ 1300 a month in rent.

The basement takes on water, needs to be partially finished, (walls/floor/outlets/lights/ etc) plus an egress window needs to be installed.

Rough numbers when all is said and done will be 9-10k, with the waterproofing eating up most of that estimate. This is a place I plan on holding for a while, but want to hear others opinions on what they would do and why.