I have a request from my lender Rocket Mortgage asking me to provide to them the Withdrawal term of 401k even though I didn’t use my 401k to down for my rental house.  

I'm selling a piece of land to an acquaintance and need to create a mortgage/note.

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

My goal now is to get a multifamily property no more than $250,000 and put 20%-30% down, get a property manager, and put an extra $4-$5k per month into the principal to pay off the mortgage in less than 3 years, but I don’t know what state to invest in, I know Ohio is being looked at but I wouldn’t have to time to see multiple properties in person and I’m not sure how to verify the operating expenses of different properties, required repairs, etc. 

If the CD rate is lower than the mortgage rate, you pay the extra towards the mortgage.

Mortgage is $700k.

If you're buying to rehab before you rent using the BRRRR strategy a portfolio loan could handle both your front end mortgage and your cash out refinance if I'm understanding correctly?

The title and mortgage are still in my name and not transferred to my LLC.

We first want to make sure we are getting a proper deal before we start thinking about tax benefits.

If the STR is marketed properly this can be very successful, and I've known hosts to fill up the first month or two of availability before the property is ready for guests.