This song is a freestyle, it is called '101% Freestyle' because it is a follow up to '100% Freestyle'.
This series of audio freestyles are all compiled on beats from the internet. Every freestyle song is off the top, there are zero written or pre meditated rhymes. 1 layer is recorded as a raw front to back freestyle, then a second layer is added as adlibs on what what created to add atmosphere. The art of off the top freestyling still lives. Make sure you check out 'Jake Finesse' beats on youtube. Hip Hop & Healing.