It likely means you have that amount of coverage when caused by another peril and as mentioned it's typically a significantly lower limit than other coverage amounts.If a pipe bursts, it will likely be covered. 

However, as I mentioned in my original post, my immediate goal is to move out of our current townhouse into a larger single-family home that better suits my family’s needs (we have a baby and a big dog).

And a drain within reach of the standard drain hose?

And as you go through a career you learn what you like and are good at and what you dont like and are no good at.. 

If you have a solid ARV AND a great GC / team that you trust to do good work, consistently, and can stick to the timeline planned, even with hard money you will still make money at 75 or 80%, albeit a little less than at 70%. 

But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

I don’t understand how you can have 13 rentals that are paid off and a primary residence that is paid off and still need more cashflow.

I've heard of where some coaches or courses weren't geared for newcomers and would like advice on a good land flipping coach that's not going to require to give them an arm and a leg but will really help me get started. 

We use Turbotenant and used Apartments for years before that and a different one before that, that apartments bought out.