Syndication Question: Multifamily

[James Lanier]

Hello, 

Currently I own three properties and I am researching more creative ways to acquire properties. I came across syndication and I am wondering if this type of strategy works for single families, duplexes, three unit, and/or four unit properties in practicality? My plan would be to buy locally and  self manage initially since I currently do that with the properties I own now and expand if it is successful. 

1. How much interest on investment is typically offered? 

2. What is the standard up front cost for the limited partnership setup and filing with the SEC?