I am looking into purchasing low income homes and going the Section 8 route. 

Make sure to thoroughly research the real estate market in both states, taking into account things like property prices, rental demands, vacancy rates, possible appreciation, and income potential.

Unfortunately, we have several homeowner clients who bought with grand ideas of making lots of monthly income right away, who took the advice of a realtor wanting to make a quick commission. 

We'd like to seek a construction loan to complete the build of our new home - does anyone know if a typical real estate rental business plan would be sufficient to show potential income increase? 

Having rental income cover my living expenses.

Household income $275k/yr-TSP #1: $205,000.   

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

These are the benefits I see: Mixed useRetail space(s) brings in a long lease and stable income.

In some cases, it may even generate positive cash flow, allowing you to save or invest the extra income.Build Wealth: Over time, the rental income from the basement apartment can contribute to your overall wealth-building strategy.

We also had an eviction and lost around $15k in rental income in 2023.