DEFINITION OF ACCREDITED INVESTOR:
You are an accredited investor if your Net Worth (individual or with spouse) exceeds $1,000,000 (calculate fair market value of assets, less total liabilities, but (i) exclude the value of your primary residence, and (ii) include any debt secured by such residence in excess of the value of such residence).
or
Your Income in each of the last two years
exceeded $200,000 (individual) or $300,000 (with spouse), and you reasonably expect to reach the same income level in the current year.