I just want to say THANKS to everyone for your input. If I was to put it in my basement I would only have 6' of headroom with exposed pipes and I'm 6'3" so ouch!!!! LOL
I don't mind using the other method for my E-6 work because if I do my job correctly at the camera I don't need to do much to it before printing. For B&W it just feels wrong. I have gotten nice results BUT it takes way to much of my time and I'm not really into PS even though I own it.