Really interesting idea. From experience the legal side of it would be a nightmare, but there are intermediate companies that would oversee and run the property. It would just come down to if it the size of investment and potential return of said property over a fix period.
I would be interested to hear more.
I am thinking of a private placement only via a coin. As long as there is no ICO, we may not need for SEC registration. It would be a token similar to REITs.
Glad to observe the interest in this.