you could try this;

DBCC TraceOn(1807);

GO

that will enable using UNC paths in SQL.

then create a folder on your E: drive called SQL_DATA

share the folder

then try to create your database with UNC path.

Use master;

GO

CREATE DATABASE [test]

ON PRIMARY (

NAME = N'test',

FILENAME = N'\\SQL_DATA\test.mdf' ,

SIZE = 2048KB ,

FILEGROWTH = 1024KB

)

LOG ON (

NAME = N'test_log',

FILENAME = N'\\SQL_DATA\test_log.ldf' ,

SIZE = 1024KB ,

FILEGROWTH = 10%

)

GO