Other investors wanted a 740 credit score with me using my own money to kick start the project as well as 3 years bank statements, 9% back, 4 points, 100K in the bank and so on and so on.

To add to the good information you already received, if you can qualify for a  traditional bank or even credit union loan great, because your rate, fees, and terms will most likely be much better than a hard money loan. 

If you have good credit and 2 years of working experience and income, suggest you talk to a loan officer.

My biz Just got approved for a $125k line of credit thru Kabbage. 16.5% over 12 months.

He offered the land to me at cost, along with his counsel.I also have a connection to a local contractor with a good reputation, a positive history of partnering with investors, and knowledge of the area.I'm cautiously optimistic, but I realize that I'm ignorant.

Make a use of funds, proforma, exit strategy, have your personal and business taxes and bank reports available, your credit score proof. 

Furthermore, I read that in order for me to qualify for more than 4 mortgages, I must have 2 years of rental income history, be willing to put down 25% (at least), and have many 6 months of savings for expenses.

Most small banks and credit unions will do portfolio, or commercial loans.

The history is he has had a foreclosures in the past over 10 yrs ago. 

I don't want to play financial advisor but at the same time, help them get on track to save up, get credit straight, etc.