If you own say a 5 unit multi.ProsThat is one closing, one location, one roof (maybe 2), one PM (because one location), one lawn to care  Value of property is based on income you can generate from it.  

Depending on the setup I might shut off water to say a washing machine in the basement. 

And, if typical loan terms are typically far higher for these slightly bigger buildings, are there other financial advantages to buying, say, a 6-unit vs a 3 or 4 unit that would outweigh the disadvantages? 

I would say as part of your due diligence is to reach out to a few lenders and have them let you know the difference.

My question is: Is it better to wait until I have 100% of my cash to pay all in advance or finance with say a 50% down payment?

I'm originally from Wisconsin, I'd say a heater in the living room in the dead of a Wisconsin winter would be a selling point.

Ok fine, let's do it your way, but don't say a word when you have a vacancy for ignoring our guidance. 

So in terms of the type of renovation I would say as long as it isn’t a full gut I would be able to do it.

Proud to say a majority have been paid off...anything that I’m flipping has equity allowing me to make profit and cash out deals.

I would say a quote for the larger items and time & materials for the others.