Is it possible to keep my land loan out of it to keep the total cost low?

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

In the case of floating-rate loans, interest rate caps would be a prudent measure to take as well.Multifamily Sector FundamentalsThe underlying fundamentals for the multifamily sector are very strong right now.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?  

Often, lenders will not act until the differential between current interest rates and the interest rate on the subject loan reaches a certain point.  

I used a combination of Minoan and going direct to vendor to furnish our 4BR/4BA.

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

Quote from @Jay Hinrichs:Jay, it does look like one of the strategies of this 711Rescue is to restructure the loan for their clients, but at 2x DSCR!

Those loans are assumable.