How to water down latex paint to provide a washed look on lauan




So it doesn't look totally "unfinished," we are thinking of buying latex paint that is very close to the stain color of the flooring we WILL be doing - and in case you are wondering, it's a Medium to Dark tone of Brown with a Grey undertone.
We have a couple of questions -
1) How much should or can we water down the paint to get a washed look but still provide a decent richness in color?
2) We have quite a bit of square footage to cover, and wonder if you all think we can roll the watered down paint directly onto the lauan (sub-floor)? - Also, sand first? We are hoping to make it a fairly quick project, that's why we are thinking of rolling! - Not to mention we don't want the house all tore up with the Holidays coming...
Thanks in advance for your feedback!! :)
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