Comparing passive and active investing numbers

[Lisa Kattenhorn]

Hi everyone.  Hoping someone can give me some tips.  I am having trouble comparing the financial details of passive opportunities (investing in a syndication or real estate fund) with more active opportunities (buying and managing a multi family).  Should I only be considering the potential cash on cash return for the multi family vs the % being offered by the fund?  How do you factor in potential appreciation of the property or the holding time of the fund, etc.  I am seeing a lot of percentages but not totally sure how to compare them all.  Thank you in advance!