I'd go with stained or polished cement With stained they can usually add and 1/8th" or so overlay (they then stain the overlay) so any preexisting stains or anything is fine Polished cement (in my experience) is the opposite - they essentially remove 1/16-1/8" of existing cement, so surface stains will be removed but anything that has really soaked through may still remain to an extent Yes water will get trapped between the LVP and existing cement/water barrier - for this reason I would not do LVP Could go tile - but why would you when you can stain/polish it for cheaper and not worry about cracked tiles years from now when you can't get a replacement 

I even created my first LLC to start the fix and flip business, funding it with enough skin in the game, elsewhere hoping to use OPM rather than my own capital to fund these projects as it has been difficult finding a lender who is comfortable with loaning to me solely without an LLC.My goal has always been to match my W2 income and eventually double it and more so I can work as a hobby rather than relying on it to live.

@Kalei WhiteNot sure how the numbers look just with the surface-level info in the post.

I still have a lot to learn and I think I just scratched the surface of Financial Intelligence.

On the surface it looks like a solid rental but the things you mentioned give me cause for pause.

You having no skin in the game would make them additionally wary.

This Section allows you to exclude $250k ($500k if you're married) of the gain on the sale of your primary residence.The tax advantages of converting the property to a rental would be the ability to write off all business expenses, including depreciation and interest expense on the HELOC, against rental income.These are very surface-level tax advantages - for a more in-depth and personal analysis, you should consult with a CPA regarding your specific situation.

Lots of different ways to skin it.Most of the time when we look to buy real estate we are trying to come out of pocket as little as possible....so then we can go buy MORE real estate! 

Each to their own mate,Personally, I would never touch new construction.But there many ways to skin a cat, right?

The Fair Housing Act is what applies to privately owned property (with the exceptions Bruce listed above) and it forbids discrimination against prospective tenants because of their disability as well as race, religion, sex (including gender identity and sexual orientation), skin color, familial status, and national origin.