I can save enough capital by the end of 2024 to not need a land loan and buy the land outright, which is what I'll most likely do. 

The time savings for us had made it really beneficial.  

A far more successful method would be to increase earnings, reduce spending, and save up.

As much as I would love to help this group out, as I have done for other owners/operators, I think this investment opportunity is past the point of saving.

The property cashflows $360 / month which I'm saving for a rainy day in a US bank account.

   Save your self the headache, call three contractors, don’t offer any suggestions, let them give you their opinion.

Avg rent with this criteria is $1850+As far as reserves, I am saving about $4k/month, however, these funds were going to go towards my next property so I guess the answer would be no, I do not have separate reserves set aside for big expenses. 

i recommend posting more info on the project, the type of lenders you need and what the project is. may get better response

As long as it financially makes sense to you then I think it would be good based off the info you provided 

A good CPA should be able to save you more money (in the long run) than they charge you.