They mentioned they didn’t need any income.

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

TheLoss of Rents is for the loss of Rental income if the tenants can not occupy the houseafter a covered loss.5.

We are retired and I have to convince my wife.    

It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!

St Cloud MN Duplex, list/purchase price $259,900market rents $1,610 per unit BUT yes, if one really wanted to sec8 income standards are $1,957 per unit so one could go that direction if wanted be.

My recommendation would be different if you were a high-income earner or if you wanted steady equity growth.

I know of other softwares, like Baselane that handle income and expenses all in one place.

My two cents: get a job and HUSTLE right out of school and create some income and save up some capital.

I won't see any rents or income until after the construction phase is completed.