How do they plan on hitting NOI levels to return either there 14 or 20% annualized return for you and the common shareholders?  

My primary focus is on fix and flip transactions, but I’m also open to buy and hold strategies as an alternative exit plan.From what I understand, an LLC can limit the liability of its shareholder (me) only if it is established in the same country where the property is located.

or, can I just pay the company and keep the income in the company and then pay the shareholders (me), dividends, or the owners (me) distributions?

Anything else is incompetence and should result in the board firing the ceo and if they fail to do that, the share holders should replace the board.  

So, you do own a fractional interest in ALL the assets since you are a preferred shareholder (not just one). 

And if I am a publicly traded company – then maybe even my shareholders want me to limit my risk to investment properties.

Lots of foreign companies operate in the US, with shareholders not even living in the US.

I'd add index funds, reits, equity markets have benefit (and overhead) of greater regulatory oversight/compliance providing some protection/assurance for shareholders.

Same with a bank which has shareholders / investors.

If I elect the entity to be designated a S-Corp, I do not want to be obligated to pay any shareholder/member a meaningful salary.