He owns this duplex free and clear, however, has not paid taxes in 4 years, there's a 3rd party lien on the property and he received a notice a month and a half ago stating they are considering starting foreclosure procedures.

Do you put this in your polices and procedures information? 

Partnerships can get messy quickly without a written agreement upfront (detailing procedures when extra capital is needed, distributions for any tax due, etc).

All state laws are different and there a Lot of variables and procedures you’d have no clue about.

Tenants have to understand the gravity of the situation and know that you can't make exceptions in your procedures or it would be unfair to other tenants.

Agree with the board on a nice opportunity here.. a chance for improving your signing procedure to have some proof of funds or cashier's check on the table to sign the lease and trade the money for the keys.Best of luck

Your best guidance would come from Your new employing broker as they are familiar with your local mls rules and procedures, which are what governs this.

Just read the statute on taking possession during the redemption period due to abandonment, follow the procedures, and you should be able to get the house within three weeks from the date you close.

If so, are all of your policies and procedures written down and fine-tuned?

Here is the link to the statue, and the relevant part of the text is below....540-A:6 Procedure. – I.