Now that the 5% down conventional loan program is widely available (since November last year) I generally recommend using that as opposed to FHA because FHA comes with minimum property condition standards, the self-sufficiency test, and it's less attractive to sellers.

This part is important, and you must ask this pointed question (in writing, preferably) to someone at the financial institution with sufficient understanding of the banking industry. 

What is the price range you are looking for?

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

However I have done residential real estate deals in 13 states using various exit strategies and my main advantage for this project is that I own a GC company within range of the property with experience handling large scale projects.

Is it correct that with verbal contracts that a 30 day notice is sufficient?

I've been searching for residential multi-families in the $1M - $1.3M range to offset my mortgage by renting out other units.

Des Moines has more people, houses, and price ranges.

Have you expanded the geographical range, and gone further back in time?

What kind of price range?