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. 

I think after you get a chance to research what it is and how it can help grow your portfolio investment, you will be interested.

My recommendation, try to figure out how to finance a property from the auction, AND line up a financing option in case you come across something from the MLS or FISBO.More options and hopefully that will translate to more chances of success. 

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

Which means they’ve had a chance to raise the rent on 100% of the units.

you can hire lawyer or try anything but chances are very very low that you get any $$. 

@Louise Alexander, @Bijoy Shah, @Kevin Wyn, @Ross Denman, I'll be visiting Indianapolis on a weekend soon and would love a chance to network with some locals there. 

and they seem to be coming out with improvements regularly based on user feedback. 

A few of my thoughts on the matter:-Nearly anything that improves a neighborhood's walkability improves its value, I would love to find examples to prove that wrong.