Either my numbers are way off or people are buying for way too mu

[Eric Hempler]

I'm in the Minneapolis market and I'm aiming for an 8% Cash on Cash Return. 

I'm buying for cash flow and I'm coming up with about $75K per unit while the comparable sales that are listed are about $150K per unit.

I'm not sure but it looks like most deals are selling for twice the price per unit they should be OR people are buying at negative cash flow, making large down payments or my numbers are way off. 

I'm also just getting started with looking at deals, but I feel I understand the material well enough to work through a model and put something together. 

Although, I do recognize the need to find a spot I can run my figures by to see if I'm overlooking something. 

I'm looking at Michael Blank's mastermind...any other recommendations?