Painted wood floors, what to do?

[Angela Smith]

We are under contract for our first property.  The intention is for this to be a rental.  It doesn't need a total rehab.  Just some basic stuff.  We plan to paint everything, clean up the yard, remove an old half crumbled fence that looks awful and figure out what to do with the flooring.

It's a 1940s bungalow.  It has hardwood floors that have been painted brown throughout the entire house.  I don't know what to do with this.  I don't like the look of the painted floors.  As far as I can see, the options are: 1. Strip and refinish 2. Put floating laminate down 3. Carpet.

If it's practical, I would like to strip and refinish, but I am unsure of the cost and the difficulty on doing this.  If it's pricey, it may not be practical for this particular home. 

Anybody have insight into stripping paint off of wood floors?  Are there other ideas on what to do with this floor?