A few burst baits you can do:
(corner) s.HP > j.MP j.MKx2 j.HP, land, jump back j.MP
This is my favorite as it works on everyone and is pretty easy to do, but you need to be in the corner for it to work. Best way to convert is s.HK xx M Brass, if that's hard M Brass is a less damaging but easier punish.
H Beat Extend > j.LK, j.MK, jump back j.LK
I've gotten this in real matches before but it's tough cause you have to do the j.LK very low to the ground. It's also character specific and I can't remember which characters it works on or doesn't. It's also tough to get a big CH combo off the punish cause Big Band is too fat and slow to dash up and do a heavy.
s.HP > j.LP, j.LK, j.MP, land, jump back j.LK
Again character specific, I believe Bella and Big Band are the only characters it doesn't work on (which are like the #1 and #2 characters you wanna burst bait =/ ) Also again the timing is weird.
s.HP > j.LK, j.MP/j.MK, land, j.LP j.LK j.MP/j.MK, c.LK
This is really awkward to use for a few reasons. Depending on the character's weight you need to use either j.MK or j.MP to keep them in the air the right length of time. You also need c.LK to trigger IPS which doesn't happen from most starters (easiest way to get it to trigger is do L/M Giant Step, c.LK s.HP > the rest of the combo). It also doesn't work in the corner cause the burst will hit you.
In short only use that first one unless someone posts something better that works midscreen.