How to display embedded nodes as a Panel

I use Inline Entity Form to embed nodes within nodes.*

When editing these nodes, the embed nodes appear as one 'mass' within Panels, so I cannot re-arrange the fields inside the embedded nodes. Is there a way around this?

Diagram of Current Problem

Diagram of Goal

I can use a mini panel to display the embedded node and then re-arrange the fields within the mini panel.
However, this has two draw backs:
1) You can't seem to use the in place editor with a mini panel.
2) The mini panel will only display the first embedded node, so I then have create a separate mini panel for each embedded node, which is a bit dorky.
3) Not all nodes have the same number of embedded nodes, so that means I will displaying empty mini panels for nodes that only have a small number of embedded nodes.

*(Embedding nodes within nodes is useful as each separate node can hold a group of fields. The effect is similar to Field Collection, but there are extra advantages such as being able to share content between nodes).