I would be able to have better situation renting by the room in town but you cannot have more than 3 non related individuals living in a property which would be an issue as far as cash flow but appreciation would be better.I wouldn't want live in this small of a property at this quality and I know the individual who wants to live with me wouldn't either.

Police are calling individuals at home to double check of their condition and status.

Fannie Mae requires the property to held individually, not in an LLC. 

I would advise you to consult your tax professional as we do not know your individual tax situation, nor what caused your initial interest in QOFs.To answer your question sincerely (with a common answer in the tax and accounting world), "it depends".

Are you talking about your own individual living trusts to split title 3 ways and just get a good umbrella policy? 

I'm a risk-seeking individual and that would personally make me a little nervous... you never know if/when someone might tap into that money they have set aside for you.

Correct, that is exactly what I am saying and that cost would be if you hired each sub out individually and acted as your own GC.

NAR, individual state and local real estate subsidiaries of the national.

However, my thoughts are that if you're going to spend a bunch of money on this, choose an option that results in individually controlled and metered units.

Individually no.