MAC with feedback is amongst the best understood multi-terminal channel coding with feedback systems. Its capacity region is given by a multi-letter directed information expression and this region is known to be strictly larger than the no-feedback capacity region. However, no single letter characterization of the capacity region is known. Almost all achievable schemes for MAC with feedback use block Markov superposition coding. Recently, Venkataramanan and Pradhan have proposed a series of achievable block Markov superposition coding schemes that improve the achievable rate region by increasing the number of phases in the block Markov superposition codes. In this paper, we study the structural properties of optimal block Markov coding schemes by formulating them as real-time communication over MAC with feedback and decoding with finite delay.