If not, what are your thoughts on this concept?

With REITs you typically are investing in large pools of real estate holdings whereas with this tokenization concept you can invest in singular projects while retaining liquidity.

Done several of these but no expert. few things is check the HOA by-laws to ensure a rental can work. but in general the concept that verbhouse, divvy homes, home partners of america, and others are doing is legit.

I find the concept fascinating. 

@Canesha Edwards Thanks for the feedback here! 

As I have said, I understand the concept of wholesaling, but I am struggling with how to execute on the documentation side of things.

Check with the city or county planning and zoning department to get an idea if your concept will work, if you can build what you would like to build and what is required for all approvals including site plan, building permits, proffers, water/sewer tap fees, bonding requirements, inspections, setbacks, lot coverages, parking requirements, height restrictions, C/O process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.

@Alexander Szikla condo conversion is an interesting concept.

@Anthony Edwards we have multiple online every month.

I read tons of books, and I understand the concepts.