I mean, in theory if the terms were zero down and 100% of rent goes to principal then of course you would take it. It's all upside. If prices go up, you're ahead. If prices stay flat, you might still go ahead because you've built up a bunch of principal so are probably above water. If prices go down you walk away for free and its just like you were renting anyways.
Of course, no seller would agree to that. So that means there is a theoretical set of terms in the middle that make the deal "fair". The problem is though that it is very unlikely for you to get the seller to that point. If its fair, they'd rather just wait for a normal buyer to come along with bank financing and get all their cash at once.
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