After consulting with my attorney, he was quick to inform me that the section I referenced above pertained to Mobile Homes and not Residential Property.

Contract your 401k plan administrator who can give you specific details pertaining to the 401k plan you are part of. 

Are their any things to be aware of or concerns pertaining to a trustee's deed?

Well, for an update pertaining to the situation, the tenant has vacated the premises and left a major mess behind.

Type in the name of the LLC and it should give you some extra info pertaining to the owner. 

We wish to eventually buy acres in some other state, but don't understand the complexities of 121 sales portions vs. 1031 sales portions as it pertains to:?  

This is an interesting read, and although it pertains to transfer of money from India to USA, it would give you an idea of how complicated it could get.

What are some important things to know or keep in mind that may be specific to Minnesota pertaining to "subject to financing".Please forgive me if this question is already been asked and link me to the correct forum.Also if this is an option in Minnesota what if any resources can you point me to for an example contract, and or an attorney that's well-versed in drafting said contract.Thank you I look forward to your responses.

@Kelsey Imamoto What is this pertaining to? 

They wanted more transparency and updates as it pertained to funds and project status, of which, I have provided those items.