In many cases, the pool has been a defining factor in rentability and salability.  

Define your assignment fee which usually takes place at closing .

I've used Great Schools to help define where I want to purchase, but would love to know how others have defined their target markets.

to my knowledge a Accredited investor is defined as someone who has annual income of $200,000, or $300,000 for joint income, for the last two years with the expectation of earning the same or higher income.

The section 8 website defines a family member as (father, mother, brother, sister, grandparents).

If your role in all of this is not already clearly defined, it would probably make sense to pass.

Only you can tell if this is a good deal, and if you don't know, I would suggest you pull back and better define your retirement goals, which will influence your investing goals, which will determine your buying criteria.

In my area, law students and housing authorities send "actors" out to walk properties and fill out applications in order to see who violates these laws and they file hefty fines regularly.The benefit of defining your criteria is that it makes it really easy to decide who you rent to, no more comparing applicants. 

Or maybe state or local gvmt. that defines this? 

Thanks for the links I will definately take a look at those.