As a first step, on Monday, in addition to calling any "I buy" ppl i see on the paper or on the road, I'll get in touch with a title company to get familiar with the contracts I'll use here in AZ and the closing procedures.

Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed.

If you want some guidance before then, try roosting with a topic of "need help with Arkansas tax deed laws", if it's in Arkansas, as all states have different laws, procedures and timelines.  

Check the procedure out.

Commissions are appropriate costs of closing and as long as they are handled in a best practices normal closing procedure you can receive commissions on your transactions. 

What is your procedure for qualifying tenants?

However, I am looking to take a more passive stance in the company to pursue some other things and need to implement changes to make it so it can run without constant input and decision making - need procedures in place.Also, it is worth noting that he isn't doing any of your large depreciating items - hvac, plumb, electric, roofing...

We don't have redemptions here, so I don't know the procedures/laws. 

Jeff is right, each state can be very different in foreclosure laws and procedure.

Have you ever taken advantage of OK state "immediate eviction" procedures for criminal activity, drug use, violence?