Spedfist,
CVS creates any needed folders for you.
Also, If you read the guide thoroughly, you'd know that you already made an C:\eqemu\cvs directory. (If that is what you are referring to as the "Typo")
Imho, if you cannot use CVS, you shouldn't be trying to create your own server, let alone the 5.0 DR3 release. This is a very easy guide to follow, well written and composed.
Cheers
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