This may require increasing his income for a short time working extra and cutting back on non-essential lifestyle things or improvements to the property, which isn't his yet.

The idea that you should just cold call people who syndicate deals is often thrown out there but its not really practical. 

If your credit has improved, you may get better terms than you currently have and, even though you may not pull equity out, you can reduce your monthly payment = increase in month cash flow. 

Ask the city if you have to do any site improvements like adding a sidewalk or curb. 4.

When I inherited my property i was not in a financial position where I could responsibilities afford to own the property and because I was lost in grief I wasn’t capable at the time to put the energy into learning and working to improve my situation.

The areas south and also east of the Intel campus offer great areas with low crime, good schools, shopping, restaurants and newer homes.The newer homes will reduce your need to do major improvements for years on many of the properties.As a Broker and a Property Manager, we see many doing just what you are requesting and having long-term success.

forced appreciation is an artificial increase in value realized when the property is sold; there are a number of things you can do to improve the property,  new appliances and services for tenants,  obtain an upgraded appraisal, increase rents, upgrade tenants, and coin service laundry machines. 

I have experience with many facets of residential construction and property preservation.I am looking to break into the Real Estate market by purchasing single or multi-family homes to improve and then rent them out or sell them.I've downloaded several Bigger Pockets podcast episodes and listen to them while working on client projects and in my home gym. 

If Yes on Question #2, how should the assessment values between land and building & improvements be established?

I am not aware of any jurisdiction that will allow you to do it on your own as you must first start with a survey and grading plan and then the engineer will determine best practical methods for the stormwater.