To support your statement I am also trying convert my barn to a Granny quarter’s.

. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

Quick and easy to replace and you get to inspect the properties quarterly

After that, you don't do much work other than read the quarterly updates from the sponsor.2.

I won't say what my W2 income is but I will say I expect to save over a quarter of that of that amount between fed and state taxes. 

This way, at the end of the year (or ideally, monthly or quarterly), your bookkeeping (keeping account of expenses and income) is clean.Depending on state requirements, you may very well also be required to hold a separate checking account (Checking Account "B") for Security Deposits.

I am fairly new to the R.E. investing business with a little passive investing experience and only one rental in the Seattle area.My relative will be in Denver beginning Dec. 20, 2016 to study in a private college for next seven quarters.

Besides those I like the NEREIA in Chelmsford and Mike has a couple meetings on the North Shore and I would also recommend @Justin Silverio 's quarterly meetup in Woburn.  

(This takes into account the crash and 11% appreciation in the past quarter.)

If the water isn't separately metered, then include the average water bill per month (some bill by the quarter) to the regular monthly rent.Have you checked out rental prices in your area?