For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

Now we are in 2025 and although I still own the trucking company, it has been an inconsistent pit that has technically brought me personally no profit.

I personally interact with each and every guest.

Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?

@Laurens Van swol a few banks that we've worked with in the past allow you to close in your personal name.

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

@Denis Orlov I don't do STR, but I've rented one of my personal properties for arbitrage before. 

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

I personally would go that route as it would probably be less expensive. 

@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.