Problem is you will need to bring something of substance to the table, and if you are new to RE that may be a catch-22 for you.Read as many forum threads here on BP as you can about Iinvesting with low money down, you will be on information overload but that is OK because eventually your brain will filter and retain the important stuff.Much success!

It may do more harm then good.

There is really no harm either way, but if you do have separate parcels then you might have the option of selling them off individually later.

And if you can't, no harm in asking.

It's all about fundamentals and substance; something which was conspicuous by it's absence, both in the dot-com boom and the RE run up of the mid 2000's. 

Is there any real harm to the lender if they modify the terms of the note and don't record a new mortgage or deed of trust?  

There is no harm in that, what are you going to lose the cleaning fee?  

He would not have to worry about causing any harm to the tenant due to chemicals. 

I have found that if and when things go sideways all of the organizations had followed through with their commitments.Having that said I always ensure that we are not in harms way and that we are covered.I am a US Amry veteran and have recently began the process to researching a similar program in FL.

And there is no harm in trying to find those that are willing to take the deal you want.But here is some real world experience from my point of view of funding these deals for better than 30 years.first... investor ties up property with a close date of say 30 to 45 days out.. then they go shopping for the cheapest money they can find.. ( that's logical) after no success in that they go to the next expensive.. after no success with that they keep moving towards more expensive capital..