Yes, you both materially participate in your rental activity (100 hours per year), based on the activities you mention.
Yes, you wife would be considered a 'real estate professional' based on the 50% of time rule. These are two separate things.
Once you qualify as a real estate professional, then the rental properties in which you materially participate are not subject to the passive activity loss rules.
Here's more info on Passive Activity Losses.
@taxstar
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