Composite decking was suggested by the contractor due to its durability, however, he also mentioned it will need to be painted over -- which, again, is against my research findings.

Engineered Vinyl Plank is attractive for durability, water resistance, and cost.

With mtg foreclosures, assuming it’s a first mtg, you generally get good, i durable title....current/past property taxes become yours along with any hoa debts.With the tax deed auctions, you have do a Quiet Title action afterwards to get good title, or wait 4 years.

Go for classic finishes, pick material that is solid and won't fall apart or break and is durable over time. 

It must be safe, clean, durable, and look good. 

Looking for ideas and flooring that is durable that could withstand rougher tenants and is cost effective.

Both provide a very hard durable finish.

The LVP flooring nowdays is a pretty durable product.   

Hey @Mitchell Palmer, I’m regards to the siding, many investors here in Ohio don’t replace it or cover it if it isn’t necessary.As an insurance agency owner, asbestos siding isn’t a red flag and doesn’t have any surcharge associated with it.From a durability stand point, I think it lasts longer and is more durable than vinyl siding.From my understanding, asbestos is only dangerous if disturbed.All of that to say, I wouldn’t be in any rush to spend any money on it.

Buy a property with some equity in it.Rehab it modestly, add more durable features, maybe a nice upgrade like a garage/second living room conversion, patio, or jetted tub.Rent it out at appreciated rental rate.Refinance, cash out at Appraisal that should have it over the original ARV.