Obviously I want the largest return possible but I think the priority for my first one is something maybe more on the safer or stable end of the spectrum.

If they disclose quarterly you get tailwind in advance there is trouble and try to get them back on track or know way in advance they won't make it so can start early to line up another tenant. 

I have come across multiple properties - typically houses that require rehab - where the seller is not the owner of the property but what I believe to be a wholesaler or investor who has been assigned the rights of the property to sell to an end buyer (me) for a (substantial) fee.

Put it back up for rent.

I ended up buying in Crenshaw and I liked it.

That is why at BHB we have all leases end from 3-31 through 09-30, to avoid the slow rental season. 

But I am probably biased living in my teeny tiny downsized space and never wanting to go back to big. 

The goal is to buy their home before loosing it back to the bank and in alot of cases we are able to buy and give them money to move onto the next stage of their life.

Officially, for crime to count, it has to go thru the courts and end with a conviction.

Assuming an average 8% CoC return and factoring in none of the backend, if I invested a total of $5MM into several syndications (assuming some of the windfall went to taxes), we would yield $400,000 annually.Depending on your current and future desired lifestyle you could continue to live modestly, and reinvest a large portion of the dividends earned.