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Accredited Investor (applicable excerpt of rule 501):
(5) Any natural person whose individual net worth, or joint net worth with that person's spouse, exceeds $1,000,000.
(A) The person's primary residence shall not be included as an asset; (the link below shows more calculation detail for this option)
(6) Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;