Equity grab opportunity

[Jacob Ehrgott]

Found this advertisement on Craigslist in my area. Seems like a good deal assuming the value of house is correct. Anyone have any thoughts or reasons why i shouldn't do this if the house is indeed worth 120k?

"Beautiful 5 bedroom 2.5 bath home located on very nice residential street in XXXXX.Walking distance to downtown. Detached two car garage! Nice back yard. Brand new high efficiency furnace, newer windows, roof... Currently set up on rent to own with tenant. Terms are as follows 1200 per month in rent with option to buy for 100,000. Tenant put 8k down and so locked in sales price in 10 more months is 92,000... I'm willing to sell for 65,000 so I can move into other investments. You would have a locked in 27k profit if buyer exercises option or you will have a property that is assessed at 120k and has massive equity already built in. Easy transfer done with attorney.

Thanks in advance!

Jake