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....

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

Your success can boil down to waiting for the right moment to strike.SummaryWhile the potential for great reward exists, all temper these expectations with the work required to achieve them.

It's an interesting time in the cycle but that doesn't mean opportunities don't exist. 

I assume there are existing rentals in the area?

@Jason Gass qualifying for a mortgage on a rental property is almost brainless.  

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?