In California, which is where the OP property is located the law states "In order to assert a claim of adverse possession in California, the claimant (party seeking to gain title to the property) must demonstrate: ... adverseand hostile possession; continuous possessionfor a period of five years; and. payment of all taxes assessed against the property during the five-year period."

What people never discuss is the sacrifices entailed. 

If you saw a 20-unit building being offered at a 11% cap rate (based on prior year's actual expenses), but over the next 5 years it needed new roof, new parking lot, and new HVAC systems, how would you value the accuracy of that asserted 11% cap rate?  

I believe it's disingenuous as well how some harp on appreciation when many people don't understand depreciation recapture and what that entails in terms of taxation and strategy.

I personally like post instead of knee braces but that entails footing or sono tubes.      

In either case, to qualify as a fixture filing, the instrument must contain: 1. a description of the goods which are or will become fixtures; 2. a legal description of the real property; 3. a statement that the goods are, or will become, fixtures; and 4. an assertion that the statement will be recorded in the county where the real property is located.

I just do not understand what the "assignment of the bid" really entails. 

Like how many investors generally get their RE licenses and what does being a part time realtor entail?

It is likely that Jerome has more than 5 rental units in Hayward and that may entail more steps/procedure.   

.----3)---- Now here we'd sign a purchase contract of some sort, but what all does it need to entail is one of my questions?