What CAP rate would you consider average? Arizona

[Clayton Coombs]

I know throughout the country CAP rates vary and Arizona certainly doesn't have the best CAP rates. However I was curious what other investors would consider an "Average" CAP rate? Preferably in AZ.

I'm from Phoenix, AZ and have been doing several fix/flips over the last 18 months. I'm transitioning into buy/hold properties and would like some input from other local investors. We all know the higher the cap rate the better (I prefer 9% or better) but those seem almost impossible to find. What would you consider average for Maricopa county (Phoenix & the surrounding cities?)

Secondly I have several people who have seen how well I've been doing in real estate and they want to invest. I'm trying to think of a way I can find them properties that will give a good return (Since the stock market has been so volatile) and take a slice of the pie for doing so. Ultimately I want more residual income and I'm thinking if I can get them a good return and could have a little residual income from each property that would be ideal! I just don't know how to structure it and I don't want to be a property manager. 

By the way I am a licensed real estate agent in the state of AZ.