Need Advise on Starting out!

[Santosh Bhor]

Hi,

I am new to REI, and have been researching a lot over internet and BP!. I need some advise on investing. I am just starting and want don't want to invest more than 30K on a deal and get around 11% Cash on Cash. I have seen here on BP, and also seen some marketing emails that promise passive investment opportunities where I pay a promised sum and the company purchases the house, flips it, rent's it and manages them. Are there such legit! companies/individuals who do this and what are the pitfalls that i should avoid to check if they are not scamming.