While we do not see income from these properties and are not managing them we do have a significant amount of depreciation and losses that have been assigned to us and carried over from the past couple years.I am invested in some growth/equity focused projects already and am specifically looking in reliable income focused strategies that are tax efficient provided the losses I have from my family.

I am self employed though so not consistent income. 

- Our end goal is to use the properties to replace our current income with a goal of 35-50k in passive income a month, are these numbers and the plan too unrealistic?

During this time you are not generating any return from the money invested in the ADU.

Some wealth managers have an income threshold they want their referrals to be in. 

We have done some searching ourselves and started sending out letters to generate leads, but we're curious if using a wholesaler would be a better option.

My main goal is to ensure that I generate a monthly net profit of 2000$ within 6 months.

Once that is completed, then run the credit for those that meet the first round of criteria.You can double check but I have not heard you have to prioritize a Section 8 tenant, you just can't reject them because of source of income.

Since the studio apartment is now an income generating asset...any expenses associated with the studio apartment are deductible.

The benefit to them is that they receive income over time, and the benefit to you is that you don’t need to pursue bank lending.