Tested 2 Times
After DYING and returning to regather loot ALL ITEMS and BODY were DESPAWNED within 5 MIN (Timed with a stopwatch) EXCEPT for the GUN in HAND (Maybe any item?) tested with FX-45 and KA-M after putting the GUN in the INVENTORY then OPENING INVENTORY there was a GHOST COPY of the GUN (in nearby search area) which could be PICKED UP but only ONE COPY was REAL (functional) then after dropping GHOST COPY it would REAPPEAR "Glitch" back in INVENTORY and take up SLOTS (would keep reappearing after dropping 5-6 times) forcing me to suicide/respawn as 2 copies were stuck in the inventory all other LOOT was LOST
(This happened in LOW POP SERVERS died one time by STARVATION another time by ZOMBIES I’m certain other players did not loot me that fast. It also wouldn’t make sense for them (the player) to take “junk” and leave the weapon behind.