I think the concept is nice but I am not sure if there would really be fractional profits every time the house is sold will work out. After all, I recall hearing a lot of the commercial mortgages in New Year are held by a bunch of owners and it causes huge problems when even trying to lower the price of rent because it would lower the value of the property.
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Depends upon the structure of the deal.
In a typical General Partnership agreement, the GP makes all the decisions and handles the day to day activity. The Limited Partners simply receive payouts.
That concept could easily be tokenized. Those owning the tokens, even if coin based voting, would have little say unless they owned a large piece of the pie.
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