This may get a little long and confusing, sorry:
For the past 3 years, my wife and I have been purchasing 2 mobile homes, that are on two connected lots, through a private individual at a fixed 6%. The lots have seperate property tax documents but are listed on one title. One of the mobile's is in my name and I purchase a tag yearly for it -- the property description on tax documents is a vacant home lot. The other mobile is still under the financer's name (along with the land for both lots), it is a 1968 mobile with 2 room additions.

We bought the properties with several ideas in mind: to rent one out and live in the other, or to rent both out seasonally for several years, then have one for a second home eventually (upon retirement), or possibly rent both out annually for income then sell both for retirement.
Due to the location (SW FL on a canal), we were secure in the thought that the land could only appreciate.

As it has turned out, we have rented one mobile occassionally to friends once or twice a year and the other one was "rented" annually until last Oct. (I say "rented", because the occupants were friends building a house and the only rent they paid was personal utilities, lawn care, and the sewer lein--it was supposed to be for a nine month period that turned into nearly 3 years).

Now we are interested in refinancing the balance of the loan plus extra for bill consolidation and a few improvements to the properties (approx. $130,000), then rent both homes annually for the next 5 years or so before selling--unless an offer-I-can't-refuse comes along before then.

The area they are located in is booming (property taxes have tripled!)--caddie-corner to our property a pre-constrution sale is under way for four luxury townhomes (condos?) starting in the low 800's to be built on 2 1/2 lots (also water front).

Finally, we live and work out-of-state.

Okay, I think that covers it all. I am interested in all options for financing. I'd like to finance just one lot for the entire amount--so that the other is free and clear. Your help and advice is greatly appreciated.

With the new supreme court decision that the county can take the property, and as you said there are already new high priced condos being built, it is a good idea to cash on the profit you see now

This has been a concern for us!
We have already lost property that was to be converted to a "watershed", in the outskirts of the same city. Tax value was lowered for two consecutive years, then we were given tax value as compensation and told to leave. Our house was already scheduled for demolition before we were even notified. Now a gated community has been built on the opposite side of the road (which was a tomato farm) that led to our house, and we hear that there are plans to build an "environmentally-friendly" golf course there!