I am still not sure which one is sufficient for me to do.

The benefit of going conventional is being able to purchase an MFH without the stringent property guidelines, self sufficiency test, and longer escrow on an FHA loan. 

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Now if they got married, had kids, and a vast majority still lived in apartments that MAY have the makings of a trend.  

I think we have to keep in mind that BP is a place for beginner investors and I would suspect the vast majority of the members are just starting their journey so this type of marketing I am sure works.

It also provides insights into your cash flow to help you make sure you have sufficient funds to cover your expenses.How to get it: The PocketGuard app is available for both iOS devices in the App Store and Android devices in Google Play.Cost: A free plan is offered with basic budgeting features.

also is $1.0M sufficient for Landlord liability?

I appreciate your advice very much and take it to heart though; useful to a new investor in this vast arena.

He doesn't strike me as having sufficient concern regarding risk mitigation?

Commercial properties, in particular, are often part of larger portfolios managed by firms handling vast amounts of tenant and customer data.