catering to Baby Boomers..

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Hi, 

I have been reading alot about investing in the Baby Boomer market. (which I am a part of)

Many people from my generation are thinking of downsizing.... leaving large homes and renting either condo's or apartments. I'm currently looking into AZ, where I know many who have already made that move. From what I've seen housing is affordable. Climate desirable. I realize however, that in buying and renting such property, there are many things to consider like HOA fees, etc. Also, many that I have looked into state that they are "owner- occupied only". Does anyone have any experience in catering to the older generation?