You could quit claim deed it to your name allowing you to utilize conventional financing.

You cannot sell to a conventional buyer because most lenders won't lend.

Rental income is $3000 a month, getting a conventional loan with 10% down.

In addition to conventional financial products, that means that real estate, private note transactions, stock of privately held entities, precious metals, cryptocurrencies and a whole lot of other alternatives are available.A specialty IRA referred to as self-directed is required for alternative asset investing.  

If I wanted to build an owner occupied 4-plex on land which I could subdivide and build multiple units (4-plexes) would I be able to live in a unit for 1-2 years, refinance to a conventional loan, and apply for another FHA loan with 3.5% down to build a second 4-Plex to live in for another year or two?

We used a conventional loan How did you add value to the deal?

I was hoping to put as little down as possible, and then refinance into an owner-occupied conventional loan once it's built.

For #1, I will likely use my agent and their team to help me close on a deal and be my ears and eyes on the ground, same way as I have approached conventional financing. 

Ran the numbers at full ask and lowest the rents could be only calculating 3 of the 4 rents as we would live in 1, not sure if a hard money lender would be the best way to go about or if a conventional could work as we are both first time home buyers? 

My issue is that my debt to income is too high to secure another conventional loan.