If they drag their feet on rendering a decision on the fines, I won't be able to take them out of his deposit as provided for in the lease, as I have 21 days per CA law in which to return his deposit. 

I’m not looking for huge returns just a couple hundred a month starting off.

mailing to pre foreclosures is pretty low return or odds. 

Return everything to the store, then go back and buy half of it again when you get some bookings, right before the guests show up.

Best to get more return for your equity. 

Invest all cashLeverageBuy in syndicate Lets assume someone has say 100-500k in cash and is looking to invest in todays market in MF  Why would you pick one method over another and what would be your expected return etc. 

No, that number is pre-tax -- I consider taxes a cost of doing business, and don't modify my return targets based on it.As for my "salary," my flipping business is mostly passive from my perspective.  

Your cap rate and cash-on-cash return are currently negative, until you get three tenants and start collecting some rents

An opportunity to put real capital to work SAFELY and for a GREAT return.

Of course, if you apply leverage (debt) to these investments then the returns will be better than 7 or 8 percent (which is why we are in this business in the first place).