If the buyer is losing money on his investment, and walks away without gain, then by definition there is no “equity skimming”.  

Had a client close on an MTR there this summer in a nice townhouse walking distance to Pearl Street.

If you don't get access to the property before closing it can be tricky but if there are recent photos online or you can walk through before and take your own then it is much easier.

So yes, I guarantee we will see people selling as-is and walking away. 

It’s less than 15 minutes by car from two major universities (Towson & Morgan) and just a 7-minute walk from a shuttle that services both campuses.I plan to rent the property by the room, targeting mainly college students due to its proximity to the schools.

Are they really willing to sell and walk away with zero dollars up front?

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

Let's clarify this real quick,I understand this model wouldn’t work for every property owner, especially those who are looking to sell outright and walk away from the property entirely, and the approach isn’t designed to replace a traditional property sale. 

Look at sold properties, attend open houses, talk with local realtors, walk the streets, talk to neighbors, shop owners, etc. to find the areas that appeal to you  5- what may seem like negative cash flow today, will be positive with the value add strategy, and market appreciation of both rents and core property value.

Beyond property owner losses are retailers, grocery workers, dog walkers and all walks of life whom’s livelihood was interrupted.