Subject to deal

[David Mitro]

I own a quad that doesn't fit my portfolio anymore so I'm trying to sell it. I have had it listed since July, with no offers. I've lowered the price twice, each time by $10,000. I reached out to someone today who sent me a letter and he would like to buy it subject to. There is a loan of $185,000 on the property in my personal name with Wells Fargo. Total rents are $3,010 a month and the mortgage payment, including mortgage interest, taxes and insurance is slightly over $1,800. He proposed paying me $10,000, taking care of my listing agent and paying all transfer taxes. We would transfer the deed into a trust that he is the trustee of, sign an agreement that if he missed three payments the property would come back to me and an agreement for him to sell or refinance within 5 years. The guy was calling from addicted2realestate.com Assuming I couldn't net more than that by keeping it listed, where is the risk and downside to me?