Have MULTIPLE exit strategies, in case the market changes dramatically while you are working on your home.

However, prices have gone up dramatically and it's very difficult to find numbers that make sense.

Properly sized fans, operating properly (at move in, instruct the tenants on the method and purpose for changing direction of rotation to push hot air down, or pull cool air up) can dramatically improve the comfort level for very minimal operating cost. 

We dramatically improved the upper floor, added new gutters to keep the water out of the basement, and will add a 2nd bedroom on the main level before we sell to increase future occupancy.What was the outcome?

Unfortunately over the past few years, both of these variables have been dramatically impacted.

Buying a 6 unit, even 10, isn't dramatically different than buying a single family or duplex.  

While simple accents like knobs can contribute to a dramatic transformation of the space, hinges can be quite difficult to re-align, so unless they are in really bad shape I usually opt for cleaning-up the original hinges and re-hanging them.

Each of these variables will dramatically change the advice I give the individual asking me this question.

My Indiana SFH#1 property taxes have gone up dramatically due to increase in home values in the last 3 years but I'm still in a positive cash flow. 

@Robert Ellis I hold true to the 1% rule, however you can improve that dramatically with the abundance of Value add duplex's on Campus.For Example my duplex - Bought $305,000Was previously rented at $2,100 which made this a .7% dealPut $40,000 in Reno and added 3 beds, 2 baths overallNow it rents for $4,800 making it a 1.4% dealAnd you are right, if you do not get next years leases signed by January, you will have to reduce price, or rent out each bedroom to individuals.