Also your insurance and electricity budgets seems on the low end but I may be biased to that because I live in a place where insurance rates are insane.

Small town Nebraksa generally has low priced real estate.

Please don't confuse with "low income" or "subsidized" housing however.

For example, if I sold 1/2 the balance of the note, the yield DOUBLES to ~20% on a 10% face rate note for the note buyer (unless of course I'm the note buyer, then it's okay :-)Pardon my french, but I will be a son of a b*tch before I pay a totally passive note investor that rate of return in this low interest rate enviroment. 

Will this still be a good deal with the low school rating?

Here is a list of lenders offering such loans:https://www.biggerpockets.com/blogs/2810/50272-lis...I'm really big fan of using retirement funds for private lending,  you can get decent return (10%+), risk is low and it is truly passive.

It is not my responsibility to minImize my profit, supplement someone’s rent, or in any other way be responsible to provide low income housing.   

it sort of depends if your property is an A or C property  on an A you should almost always go with new stainless steel In a dilapidated apartment with low rents I might throw in a used $50 appliance and if it breaks just replace with another as repairing usually costs more tha fixing  Nowadays you can get a new stainless stove for $400-500 so you might as well.

A good market for me includes at least 1Million population with low unemployment, good jobs, cheap houses and business friendly and fiscally responsible city / state (check their credit rating).

Esmir's info, even if it is no longer consistent, is still a good low-end for me to come up with some range estimates. 7-10% below asking sounds great to me, hopefully there are still some of those left to grab.