I am new to boating and need your guys help because I have no clue. I bought a 1977 Classic Interceptor 25 ft Cabin Cruiser. I took it out for the first time yesterday. No matter what I did with the trim the boat would not plane. It does have some dings in the propeller and the fin above the propeller is broken on one side. My rpm gauge doesnt work. The engine is hard to start but once started runs good. It says 260 on the valve cover and the guy I got it from says its a 350. It has a mercruiser alpha one stern drive. The fuel tank was full. I joined this group cause you guys know a lot about boats and Im dumber than a box of rocks when it comes to them. Where would you start to fix the problem? The only time the boat will plane is when its idling or barely moving. Any kind of throttle and the bow is really high and the stern looks like its gonna go under water. And there was about 2 or 3 gallons of water that drained out after i pulled the drain plug. Is that normal? Is that the water that was in the engine block maybe?