If there is any priority in the B-E shares, relative to the others, than the pref for Class E is likely coming at the expense of Class B/C/D.  

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

Purchase price: $85,000 Cash invested: $33,000 Cash flow is after all expenses including vacancy, maintenance, and capx deductions.

After 25 years of co-living have now graduated to one side of a duplex.

For llc, land trusts, or living trusts?

Cost of living increases are real.

Better sell everything and live in an underground bunker. 

There are also Zoom calls where people practice their underwriting live.

Remember to split the expenses and depreciation based on how much you rent it out versus using it personally.