Signing the buyers brokers agreement is only needed when you identify a property

Review their management agreement.

Review their management agreement.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

Strong agreements that protect your position in the deal, and recording a Memorandum of Option with the county will go a long way to protecting your interest. 

Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.

Very simple as Chris notes its just an up front agreement..

Is the normal practice in wholesaling to analyze a deal -> find a buyer -> then offer the price to the seller and form agreement?

Get it under agreement for less than asking price and offer to bring the loan current and have them carry that loan.The way I see it is they are just getting MLS properties under agreement - the last five I looked at had been sitting on the market for more than 150 days (overpriced) because the payoff of the loan would not be satisfied at lower price point. 

I have a rental property I put on the market for rent, do you guys have or know where to get a yearly lease agreement I can use in Phoenix, AZ?