Apartment Investing with LP's

[Joseph Wells]

I am somewhat new to Real Estate Investing. I currently own a few SFR's that provide me cashflow but have a goal for 2020 to acquire a multifamily or ideally an apartment building with a few investors. Can anyone shed light on the expected return that I should anticipate to provide to the limited partner's? I have seen a few that provide a 6% return. Is that good or fair or is it standard for LP's to obtain a higher return? I am in the state of NC if that helps determine apartment location as well. Thanks guys!