It doesn't cover any loss of income due to your rental being repaired.

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

Now consider this: all the groups people are spending fortunes to target—foreclosures, absentee owners, probate leads, tax liens—what do they have in common?

This is usually done to increase your rental income but it comes with a price as you are finding out.  

If it wasn’t the insurance it would have been the property taxes.

The problem is, that's not proper accounting because a credit card is a liability, and doing this workaround will reduce your assets rather than increase your liabilities, which totally messes up your balance sheet and debt-to-income ratios.  

Does he understand, Deeds, Due On Sale, Insurance, tax implications, servicing, contracts and so on?

I don’t completely understand how I could best put my money towards a rental property or fund one with the income that I am making.

@Dalton Foote I have had tremendous success using direct mail and mailing the owner of record where the tax bills get mailed to.Generally, property management companies don’t pay the real estate taxes so this gets me right to the owner.Targeting wise, I would just do a zip code filtered by unit count using a service like listsource.  

Couple other things to consider, property / school taxes are high, and tenants have lots of rights.