English is my second language, so please bare with me even if my English is so broken.I am 39 years old and have two kids, I am working as a hibachi chef - you know that Japanese grill like Benihana - and my wife is serving in Army.My job is physically very demanding and I have several joint problem so I don't think I can do this that long.I wish I can replace majority income with cash flow from real estate, my goal is cash flow 3000 to 5000 a month in 5 to 7 years and eventually make 10 to 15k a month in 15 years.Unfortunately I don't have any money saved right now but I got a chance to save about 30k in one year while my wife is stationed oversee.

Do you mean physical appearance or a financial criteria you are using?

You can try to find the opinion itself, but I read the reasoning as being that: (1) such murders have nothing to do with the physical safety of the house; and (2) requiring sellers to disclose such facts may lead to sellers having to disclose other "stigmas." 

Learn what the different factors that could make a deal good or bad (there are physical properties of the house as well as some more difficult to quantify properties) There are plenty of resources here on BP that will help you learn to do that as well as many books that will get you jump started (I would recommend starting with Millionaire Real Estate Investor).

BTW, my CubeSmart storage manager next to the PD in Rohnert Park mentioned that there was a 'for sale' sign on a parcel next door to them, by the casino... and I'm sorry to say I forgot to make mention of it, a month or so ago.

Is that tax deduction less than your physical loss in revenue?

Even with a property that only has 5% physical vacancy, you should account for bad debt, loss to lease, etc.

Typically based of historical figures with adjustments made and explanations as to why you think you'll be able to increase rent & decrease expenses.When speaking with the property manager ask the following to get started:what other properties do they manage:how does this property compare - physically and financially (rents, expense ratio, etc.)What is the going cap rate in the area, what are they basing their asking price off of? 

My husband would love to work his way (after he pays his "dues") from being the one physically doing all the work but instead being the one who manages the project (while of course still doing some of the work).

If they don't want full market exposure, Sin Stocks and addictive substances (like booze, cigarettes, casinos, coffee etc) are almost always a good bet because people will spend money on them even when they shouldn't.