It is a small bath room so I will ask a professional if possible to add a shower.Thank you

The LTR unit's depreciation and losses would be considered passive and can only offset other passive income unless you qualify as a real estate professional.

{This is a general question on preferred equity investing not Wellings specifically, they seem like well run/professional/experienced group.} 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If your wife becomes a Real Estate Professional, you could use the depreciation to offset your taxable income if the properties are LTRs.Overall, with depreciation, your property may not generate any income at all so it doesn't hurt being in your name.

@Robin CastilloStarting an LLC before buying properties offers benefits like liability protection, tax flexibility, and professional image.

Next, maintain professional boundaries with clear communication and a strong lease agreement to set expectations upfront.Proactive maintenance is essential.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You do so well managing your healthcare and real estate. 

You may consider paying a professional to get a tenant fast because I fear that if a tenant is not in by Nov, that you will have more difficulty getting a tenant before spring.