At least in Missouri, and depending on size, you typically have to test your waste water monthly/quarterly, and then you have to file a form quarterly with DNR which reports the status of your treatment facility.  

It's about $600 @ $200 a month.

To my understanding too, you can rent your property out while you wait for the inspection and results, and if you miss some items on the inspection they're pretty easy to work with to get it remediated (In my inspection I was missing a smoke detector in the basement and they let me send photos when it was installed).

The Program utilizes forgivable loans called "Deferred Payment Loans," which require no monthly payments to subsidize the required costs of rehabilitation.

After crunching the numbers I'd be cash flowing around $600-700/month if I hire a full service manager (and this is without accounting for any repairs, which it does need).

We moved out in June 2023, and since then, I've been renting it out, generating around $1,450 in monthly cash flow, not counting variable expenses.

Owner financing with a balloon payment due in 6 months or a year tops.

I am looking to move from Michigan to Texas here in the next 3 months or so.

I would ask for a 12 to 24 months bank statement and the last two tax returns.

It was restricted from STR for 13 months including the time for placed mid term tenant lease to expire.It was fortuitous timing as first STR guest was placed just as tourist high season was ramping up.