From my basic understanding it would make sense to change it to a rental and then do the remodel so I can claim depreciation on my cost, is this correct or not? 

Go to the local online property tax records. there you can get owner name and mailing address. that would be the simplest method.

But, he has no ability to take any corrective action he feels is necessary or beneficial.  

This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

Correct.

I really like how you worded all this Tyler; it's very intentional, methodical, no ego and all learning.

I've only seen one person spell it out clearly, but I'm not sure his method is how everyone else views the Rule.  

There is no hard and fast method , besides experience . 

If I understand correctly you'd be purchasing the land, and improving it and splitting it into the appropriate "buildable lots". 

You are planning on buying cash flowing properties correct?