As long as you can take title to it within 180 days from when you close the sale of your old property.Or you could do a Reverse Construction exchange where the QI takes title to the lot (before you do) and then the builder builds on it. 

The title would also have been cleared. 

I will think of a couple titles but I would actually go outside of the mechanics of CRE and focus more on prospecting and sales or you will just be a really great analyst working for a producer.   

Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

Over-inflating closing costs is good and should be a common practice for LOs who don't know what most of the fees are upfront because its very true that things such as title, taxes, prepaids, etc. are all unknowns.

@Ricardo CamachoBest bet would be to call a title company and get them to inform you.

The offer has been accepted and now I am wondering if that is appropriate verbiage for holding title in the solo 401k.

if they dont require money down.. then you still have to have EM and closing costs IE title escrow points.. and then normally they will also make you front the draws and get reimbursed.

The offer has been accepted and now I am wondering if that is appropriate verbiage for holding title in the solo 401k.

I'll just add on to make sure the land you buy doesn't have any fatal flaws before you close on it, i.e. make sure there are no weird things on title, i.e. easements, encroachments, and that all the utilities that you need are there, and it has legal access, etc.