Idea like idea is okay if you ask me. Although there are some concerns of course. This appartment has to be in someones possession, someone has to have ownership over it in the legal world and cuz you want everything to be legal. You could however go further and tokenize this apartment or even many more apartments in future and thus every owner of the token has some ownership over the apartments. This is easy to implement but hard in practice as you already know we would have to trust the guy (you or somebody else) who has the right ownership of that apartment. As I am not sure if anything could be done on the legal side to have multiple owners. Because now everything should work right as long as the guy who owns apartment is honest, which is why it could be a bit hard to pull off if you ask me.

Yeah but how is this going to do with blockchain or cryptocurrency?
You can do this without/before bitcoin

It's one of those things that in theory you could do it without blockchain but it would be 10x more expensive and it wouldn't be international.

That's an interesting meetup. I wish I was able to attend it. I agree that current hurdle is being on the right side of SEC to do something like this, but hopefully sooner than later there would be a way out. Tokenising of assets would be a very interesting space to be in.

Yes indeed actually... thanks for clearing that up
Then it's a good idea

IRS structure isn't a problem because the profits can be passed through to the owners. I don't have an answer yet to how can we tokenize such assets, but it surely seems to be call of future.