I am sure Alty will respond to you but I had asked a few of these questions myself way back before the ICO began and I can even answer these myself. I doubt you really did look into this very much. But I think my interest along with others helped prompt Alty to post this on the blog https://rise.vision/blog/post/why-real-estate
I'll take a stab at this (off the top of my head)
How will funds be delivered back to users?
I remember this was a big legal issue. People would not be shareholders in a legal sense. It's just a bonus beyond the core Rise project which some people are having difficulty grasping. But a % would be converted back to btc and distributed among coin holders. Not a bad deal for doing nothing while the Rise team goes out and does all the heavy lifting.
How will funds be dispersed fairly and openly.
There will be some trust on this. But costs will be documented and transparent. But the fact they are providing something above the coin itself is great. Most people invest in a coin with nothing else as a bonus. Just relying on the value of the coin itself.
Who will own the contracts to these houses? (Deeds)
Legally it would be Rise or Acre or whatever they decide to use for the name. Again, coin holders aren't shareholders.
Who will maintain and deliver these things accordingly.
Alty is in charge of all these things, believe me real estate development is no small feat.
Well I did some poking around (thank you) and dug up a bit of alty's background in real estate and I found this... however you're questioning other people without even talking about who you really are or what your background is and why you think you can make judgments? I think it's disgusting and a disservice to this community. This is probably one of the best projects of 2016 and you're messing up their chances of a bright future. One of the reasons you delisted Rise was because the testnet wasn't delivering coins (now they are). Waves is still listed on your site and they don't even have a testnet for crying out loud. Nothing like playing favorites.
The main reason I was attracted to this project was because I personally invest in real estate.
Anyway here are company records. It's apparent to me he's been heavily involved in the RE business.
https://companycheck.co.uk/director/908104773/MR-CORMAC-STUART-LUCKING/companies
More here
https://www.duedil.com/director/908104773/cormac-stuart-lucking
Edited in: I see Alty replied already.
No reason to attack me for having valid questions my friend.
https://companycheck.co.uk/director/908104773/MR-CORMAC-STUART-LUCKING/companies
All of these companies are dissolved meaning that all the companies have had problems and thus they have been exited.
Don't worry ICO tons of people respect your dedication to what you do and also the quality of your research.
A lot of people don't remember 2012-2015 scamcoin fiasco and why there is not that many people at bitcointalk anymore.