You would usually go to Small Claims Court and get a judgement (this is the easy part).

The additional "AND more than half your time" is usually where real estate investors fall short.  

Can usually allot 5-10% vacancy factor and same for maintenance.9) Class B usually also okay, but needs more attention from owner and/or PMC.

I have been doing one a 3-10 minute cold swims in Long Island sound (45 degree to 38 degree water) one to three times a week so far this winter, usually in the mornings after my workout and a warm shower or sauna to follow.  

I'm not saying what my opinion of this was, but I never saw a single owner divulge the real amount....they would usually make it about 10-20% of the actual costs.I'm not even sure if you are legally required to tell them what you spent...seems like an invasion of privacy issue....?

Do people usually get these 60 day notices signed as a formality or are they reserved for difficult situations like the one I described?

Most times, food trucks that have been successful have steady clientele usually involving corporate-owned businesses and providing food service to the employees who work in the area. 

Commercial spaces/restaurants are present, which usually attract residents.

Easier to do your taxes as well.....Search here about the need for an LLC when starting out or with just a few properties, usually not necessary or recommended (Except by attorneys-sorry Jason :-)

Taking that extra 15% and investing that capital into the market.