It typically covers the structure under construction, materials, and equipment on-site, in transit, or stored elsewhere.

But it seems to me that referral clubs only real value is vetting suppliers.

They don't rely on ONE supplier, ONE broker, ONE anything.  

Drive to store / supply house #2 for materials.Shop for and purchase materials at sore / supply house #2.Drive to store / supply house #3 for materials.Shop for and purchase materials at sore / supply house #3.Drive to store / supply house #4 for materials.Shop for and purchase materials at sore / supply house #4.Drive to the property.Do the following repairs at the property.Bathroom 1 : Shower/Tub Caulking | Re-caulk tubBathroom 1 : Toilet bolt caps | Missing bolt capBathroom 1 : Window Covering | Missing miniblindsBedroom 1: closest to the front door : Door/Knob/Lock | Door know needs tightenedNeeds deadbolt installedBedroom 1: closest to the front door : Window Covering | Broken miniblinds needs repacedKitchen 1 : Wall/Ceiling | Pull nails and spackleLiving Room 1 : Wall/Ceiling | Nail and holes in panelingLiving Room 1 : Window Covering | Miniblinds need repairedEntry 1 : Security/Screen Door | Replace Exterior Door ScreenEntry 1 : Wall/Ceiling | Spackle and paintBathroom 1 : Door Stop | Replace door stopBathroom 1 : Light Fixture | Replace bulbBathroom 1 : Shower/Tub Caulking | Re-silicone tubBathroom 1 : Toilet bowl/lid/seat | Replace toilet seatBathroom 1 : Toilet Paper Holder | Replace toilet paper holderBathroom 1 : Tub/Shower | Relay loose shower tilesBedroom 1: closest to the front door : Closet/Door/Track/Shelving | Install Closet RodBedroom 1: closest to the front door : Light Fixture/Fan | Fan light does not work - replace fanBedroom 2: 2nd closest to the front door : Closet/Door/Track/Shelving | Replace closet rodBedroom 2: 2nd closest to the front door : Window Covering | Replace blindsBedroom 3: furthest from the front door : Switch/Outlet | Install smoke/CO detectorBedroom 3: furthest from the front door : Window Covering | Replace blindDining Room 1 : Window Covering | Replace BlindHallway/Stairs 1 : Light Fixture | Replace bulbHallway/Stairs 1 : Other | Replace blindKitchen 1 : Window Covering | Replace other blindLaundry Room 1 : Light Fixture/Fan | Replace bulbLiving Room 1 : Switch/Outlet | Replace OutletsLiving Room 1 : Window Covering | Replace BlindsBasement 1 : Light Fixture/Fan | Replace bulbSystems 1 : Thermostat | Reattach thermostat 1.

Will that be only for one property, or cover multiple properties like umbrella policy?

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

I was criticizing Airbnb for not immediately covering the cost.  

I am a virtual broker and we use CRMLS which covers most of the state. 

you said "rent covers mortgage." you need it to be significantly higher than the mortgage to cover all the expenses you are going to incur.hope this helps...

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.