Insurance will defend you against claims and pay for a loss where you are liable.

I'm wondering if I need to look higher on the food chain.

If anything, it's food for thought.

(D)That the Tenant/Buyer is hereby notified to obtain renter's insurance to cover loss on his/her personal belongings located in the "premises" or on the grounds where"premises" is situated.6)COVENANTS OF LANDLORD/SELLER: The landlord/seller hereby covenants and agrees as follows:(A)That the Tenant/Buyer shall peaceably and quietly hold, occupy, use and enjoy the property, without any let, hindrance or molestation by Landlord/Seller or any person associated therewith.7)BREACH BY TENANT/BUYER: If the buyer shall fail to keep and perform any of the covenants, agreements, or provisions of this Lease/Option, or if the Tenant/Buyer shall ever abandon or vacate the property, it shall be lawful for the Landlord/Seller to enter into saidproperty and again have, repossess, and enjoy the same as if the Lease/Option had not been made, and thereupon this Lease/Option and everything herein contained on the part of the Landlord/Seller, to be done and performed shall cease, determine and be utterly void, except as set forth in paragraph (8), below.

Yeah, you bought at the peak so you wouldn't have made up the loss in value yet, but it is coming back.

I think there's a benefit for a new investor to have at least someone to bounce ideas off of and to help mitigate the risks (half the capital and half the risk of loss on a flip or something).

The Nationwide offering seems to be missing loss of rents, which I think is important.

It's not clear what amount of capital you would have to commit but it sounds like you are pretty close to the first loss position.  

The more people there are the more traffic through the apartment the more damage to walls floor etc....I love leasing to people who have small familes i.e. mom dad one kid elderly couples etc....just some food for thought.

Food for thought.