The trust documents will dictate who the trustors, trustees, and beneficiaries are and what authority they have all been granted. 

However, checks from the Housing Authority (for our Section 8 tenants) come to us as electronic funds directly deposited into our account.

Doesn't sound like a lot of authority.  

Yes, they'd need to grant authorization for research to be conducted on the mortgage accounts with the  mortgage servicers.

I would also follow the advice of other investors on here and take the time to report this to the authorities. 

You need to call housing authority asking about codes.Majority of tenants will stay.

Payroll taxes are being paid by the employee and employer (both you) on the $60k - they're being withheld from your check and remitted to the IRS and state taxing authority by the "employer" on behalf of you, along with the employer's own share.  

Signing Ned Carey, authorized member, Blabbady blah blah investments LLC is a lot of writing when you have to  sign you name 10 times on a contract and  disclosures.

"Pet rent" is a little more grey - the Residential Tenancies Act does appear to preclude such additional rent amounts, but the practice is widespread and, thus-far, the authorities appear to tolerate it.We only allow pets in select buildings: either ones where we have inherited pets and have yet to perform any substantial retrofit or where the building was renovated with pets in-mind.

I do not own one so I am not an authority on the subject, but from what I have heard it is hard to get financing on them.