Even so, it does look like most of the increase in rentals is likely to be permanent, particularly in light of the fact that no economist or housing expect I know is predicting a return to the pattern of development and growth seen during much of the past few decades.and the biggest takeaway I have from this work, is that in growing, popular areas like Portland, even if the market shifts back toward ownership somewhat, overall demand will increase for both [ownership and rentals].

I think when you answer those questions, you'll be able to answer the questions you asked.Logistically, if a property is going to be a long term rental I would tend towards tile and not hardwood, especially if it's going to cost you 2300 just to refinish it.Keep us updated!

Tile or construction I lean more towards 60% labor.  

Carlos,I would like to suggest a consideration in tile. 

It probably doesn't have an easement, but is "joint use and should have been spelled out in the documents creating the separate tiles for the units. 

Do not put a tile roof on  a house where all the houses have asphalt roofs.

Is the flooring wood or is it tile that looks like wood?

Very nice, the bathroom tile looks great!

Would you suggest re-carpetting, wood, tile, other?

To be more specific, I have an early 90s home in Fairfield with standard builder grade materials throughout for that era (solid oak cabinets, linoleum floors, gold accent hardware in bathrooms, tile counters, etc.)