I think this is informative for investors looking at the downtown business district, as well as the surrounding neighborhoods.  As a longtime proponent of the Portland neighborhood, I believe the proximity to the busi...

I came on here looking for a good website to use to send direct mail, but Jerry Norton (Check him out on youtube he's a wealth of information on wholesaling) last year released PropWire which is a free platform to pull owner information.

He ignored all phone calls or emails from me.So I contacted the head office to expose the situation, and a few minutes later, I received an email from this broker saying that he is releasing the land lot back to me.

If financing, I'd check with the lender on a partial release clause if you plan on doing anything with the second tract. 

Will any lenders hold multiple lots for collateral and release them for building maybe 3-4 at a time?  

This would combine LTV, combine your cash-flow, and give you one mortgage payment for all properties within that portfolio. the benefit here is you'll likely see better rates, and you'll be able to leverage one properties good equity combined with another properties strong cash-flow.... but the down-side is if you want to take one out of that portfolio to sell or refi, "partial release" can be a challenge. also, most of these are not 30 year fixed, they're likely 5 year terms/ 7 year terms/ 10 year terms on a 30 year amortization... still stretches payments out, but you have to do something ab it again once the term expires. 

There are options for partial releases, however the entire portfolio must be able to debt service, if one property is sold or refinanced. 

While I don’t need the funds immediately, selling would allow reinvestment in hard money loans at 10% or a similar real estate deal.My main concern is tenant turnover, potential repairs, and the costs associated with re-leasing making my return even less. 

I'll be sure to read it as well as yours when its released! 

I don't have much to add from the actual loan terms consideration, but I would encourage you to assign each property a value for a partial release and include that in your loan terms with the seller.