I would certainly be open to a conversation to pursue it further.

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Who invited you to t his conversation?

What's the worst that would happen if you had an unveiled conversation with the lender and said, "we own a property in an LLC.  

If you don't have a lender yet and you need one, line that up as well, preferably somebody who can move quickly and give you a loan terms sheet on a property in a timely manner.It could be argued that this is an odd time to flip a house but conversely, not a lot of people have rehabs going right now, so if you get started and finish when things start returning to normal you will be one of the only available options.

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Conversely as long as I have good credit and enough for a downpayment I could probably still qualify for a rental.

I looked at some DEEP energy conversions and their basement refreshes look ideal but not sure what the cost of that is. i did do an energy assessment a while back and in 2014ish blew in over 2' of insulation into the attic space, so that is good there. thoughts on where I should start this effort?