Rehabing newly purchase investment property, seeking floor advice

[Kerry Arm]

First thank you for your feedback and advice. So, we just purchased a duplex as an investment property and it needs some minor rehab. The 1st floor currently has wood flooring  that needs to be replace. We plan to rent the property and was wondering if anyone have any suggestions regarding what type of flooring would be a good alternative to wood. We are looking for cheap but not too cheap, maybe a maximum expenditure of $2.50 per square foot.  

The neighborhood is quiet, not affluent and not a war zone and base on my research, comparable rental properties are between $1,300 and $1,500. Just thought I should provide some additional details.

[Kerry Arm]

Thanks for the feedback.

The floor has a speed bump looking hill running from one wall to the next. It seems that they did not leave an expansion gap during the installation. During the inspection we did not find signs of water leakage but I will be able to see more when I remove the wood tomorrow, so am not ruling that possibility out completely.  

I will be doing the work along with a friend and we plan on installing about 800 square feet of Vinyl. I was thinking of the wood looking Vinyl strips. I reviewed some at Lumber liquidators and they seem durable. 

I budgeted for extra strips, just in case mistakes are made or we discover some imperfect strips during the installation process.

Ill post some pictures tomorrow.