These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).

I like Texas for the economic outlook and less natural disasters but I may be biased!

If there is any kind of damage to the house because of a natural cause if you approach the insurance company without a landlord's insurance they will outright deny your claim.If you have a mortgage the bank will insist that you have landlord insuranceTenant has renter's insurance.

I’m conservative by nature, and would never be comfortable overlooking this restriction.  

Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline. 

Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.

Obviously it's good from a nature preservation point of view but it's a very different from an investment point of view. 

So choose wisely and good luck I like the passive nature myself of boat and RV storage.

Since you’re leaning toward the “reconnect with nature” vibe, are you thinking of adding features like hiking trail maps, partnerships with local guides, or even some eco-friendly touches to the property?

It's probably unlikely anything too bad would happen excluding natural catastrophes but why take the risk if the profit potential isn't there?