He was never coming out of the nursing home and he didn't much care how much he got.A widower re-married and his new spouse refused to live in the prior wife's house.

Look at your filing basis (single, married filing jointly, etc.) and your AGI (adjusted gross income).

If you have a second business that is in conflict avoid the tool or get out of the other business.Sort of like getting married.

I have a set of friends that are a married couple that are under a little bit of a financial bind.

About me: 25, married, bachelor degree, no debt, pay off credit card in full every month, credit score 715+.

If you're married to them, then I'd say it's a safe bet. 

I understand that it is 500k for a married couple.

Before I was married/had kids I decided all I needed was 3k/month.

I had a SFR purchased shortly after being married.

I figure the build out and plumbing will be about $10k for each bathroom but I would rather have 3/2 and 4/2 both for cash flow and type of tenant (married couple / family).With that said I also have another building all with 3/1 that I renovated with new kitchen, bath, granite, stainless, etc. not too far from this property and so many tenants came through and said "My budget is $X" so even though I priced it more I had to lower it to meet the neighborhood because it was mostly kids straight outta college who only make $X amount.