It is complicated because these investments are long-term, illiquid and completely out of your control.  

No rent control. 

The listing agent has already done all the work to streamline the sale on their end, set expectations and control the process.Anyone who has ever worked for 4 months on a FSBO and then the seller decided they are not going to sell after all, knows what I am talking about.

Optionally, use an irrevocable trust for added estate planning benefits, though it limits control.

So then Nick ask everyone who is interested to learn everything there is to real estates (he explained earlier - to secure your future you got to have knowledge which then you gain control and thus less risk - i thought that made sense) to now stand up and go to the back and sign up as seats are already filled.

I need to investigate more about how to control a LLC or trust like you mentioned.

They need to do all their due diligence including understanding the value that will be added by the ADU, the finance options available, the consequences of adding the ADU (rent control, property taxes, rental limitations, etc), etc.Good luck

You have a LOT more control of cash-flow than you do appreciation.

In-house means more control—you’ll manage everything from printing and stuffing envelopes to postage.

You would have to create an HOA to manage the common area and keep control of that or create a self-managing HOA for the four owners to manage together.