You’re basically paying a music teacher that isn’t as good as you. 

Looking to add more units in that area.

it stinks because i live in Delaware and there is literally no multifamily units for sale.

The top unit and rest of the townhouse is completely unliveable without renovation, the only liveable spaces are the two studio apartments that the tenants live in.

Quote from @Jaycee Greene: Unless you already have a capital reserve fund that will pay for unforeseen, major expenses, like a new water heater, roof, or A/C unit for example, I'd keep the profits in the account until it can cover 6-12 months of operating expenses.

I have four units just like this and have a decorative fireplace is not an issue, at least in my area.It is quite standard in rentals to not offer a working fireplace for cost and liability issues. 

It’s easy and so worth it unless you have 30+ units.

We want to make the jump to our first true multi fam property 20+ units.

Everything I've purchased personally, including a recent 4-unit purchased last month, has been heavily cashflow negative initially and it usually takes a good amount of work to get it to cashflow or break even within a relatively short period of time....6-12 month approximately.

Without knowing the specifics of the neighborhood or property I would expect it to appreciate the same as other 1-4 units in the area over the next decade.