If you're open to considering other states for flipping, it might be worth exploring different markets to see the best opportunities.

Quote from @Eddie Smith: Everyone's different.

Completely different types of markets though.

I'm in AB, so it's a bit different.

Show how you're different.

Clint Coons from Anderson has great stuff that he puts out on youtube and social media.Anderson Advisors recommended doing an umbrella LLC structure if you're setting up multiple properties, especially in different states.

How would your comparison change for a different scenario (e.g. flipping vs. stocks). 

What's the difference between that and not requiring renters insurance?

By your question I would have to assume that's a no. if its off market that's a different story.

You want to get the interlocking not the glue down, spend some time looking at the different types, the interlocking does take more time and skill to put down (still way easier than tile and wood) but it is essentially waterproof as each piece locks into the others.