The emphasis is different. I only have you is following a standard adverb pattern and focuses on 'only have'. I have only you puts the emphasis on 'only you', making it stronger and more poetic.
21 de septiembre de 2021
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In my opinion, "I only have you" applies to both possessions and people that the person has. "I have only you" only applies to people that the person has.
21 de septiembre de 2021
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