We are mid-term leasing the attached studio to travel nurses. 

It’s best to consult a CPA for advice on liability and tax implications.

I recommend you consult with a lender with expertise in investing, preferably someone local to you, to discuss the lending options best suited for your goals, strategy, and tactics.

Many many many traveling professionals travel solo.

Somewhere close to GA would be good to commute, in case if we have to make a travel to see the actual property.

Majority of the renters on there are travel nurses which helps with the tenant quality (in my opinion). 

My suspicion is that we probably will see little or no money and should investigate using our losses as tax-write offs (consult your lawyer/tax advisor).

Having a consultant who has worked with the agencies before is a huge plus.Alongside the developer, creating a defined site plan is needed to determine the improvement & infrastructure cost. 

Before that, it’s worth consulting a financial advisor to make sure you’re making the right call for your situation.

I strongly advise consulting your attorney before engaging in such matters, as their expertise can provide you with a solid foundation of knowledge and guidance.