Single-Family partnership - how to decide when to sell

[Dave Vona]

Hi, I'm beginning to look purchasing single-family rentals with a partner.  We would both get 50% of the cash flow and equity.  I'm thinking about how to structure the agreement for deciding when to sell.  It seems this needs to be decided before purchasing the properties, or at least determine how it will be decided later on.  So either you agree that the property will be sold after X number of years, or you give one partner the authority to make that decision.  Does anyone have any suggestions for structuring this type of agreement?  The goal is to avoid the situation where one partner wants to (or has to) sell in 3 years and the other partner would prefer to continue holding.  Thanks.