If for no other reason, it seems that I’d have a much better understanding of pricing our rental in general and a good baseline to make decisions in the future. 

Last thought (mainly for future readers), you may be talking about the 1 year FHA history if you have variable income.

The issue why most wives don't like this strategy is because they have to move into an ugly home that will be a construction zone for the near future and they have a hard time looking past that.

We are hoping for a future that would include developing a co-op.  

You've given me some solid pointers/items to take into consideration for future deal analysis, so thank you for that.

Look up the Future zoning map. 

You have to come to the table (a future deal) with funds to get the ball rolling.

You don't know for sure exactly what their occupancy rates are but you can certainly get a feel for it by seeing what future dates are open.

Check with your lender about any owner-occupancy requirements tied to your mortgage.Market Analysis: If you plan to rent it out in the future, take a close look at rental market trends in your area.

I will likely do one in the future so the knowledge is still there when I need it.