For the 1BR apartment you're looking at $700/mo... and the 2BR $750, maybe $800/mo if its really nicely done and you can find a good tenant.  

IMO the grocery-retail-apartments all in one footprint is a nice model for redevelopment in urban areas where currently it's difficult to locate a big box style store plus parking lot, etc..I know a lot of people gripe about gentrification, but it's great for the long term viability of a neighborhood.

But you don't know if you are going to need engineering, architecture, land studies, impact studies, etc... 

I'll probably get flack for this, but I'm nice to my tenants, and convey that in my messages to them.

Hey @Steve DellaPelle - I'm not speaking from personal experience here just my opinion, but I'd say that this depends on how heavily weighted each benefit is to you.

Once paid off they will be nice income streams.

Lincoln, NE is nice too.

Stephen, Nice looking website. 

As a freelancer, banks aren't exactly excited about my profile... but I've got a nice nest-egg and a will to win, just need a direction to head in.

I see some of the old duplex buildings are nicely renovated.