Sale Leaseback and Master Lease Agreement

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Hello all. First off, I appreciate all the help Bigger Pockets does for everyone in this industry, so big ups to you guys, (love the podcast). My loan matures next year and wanted to know if this was a good idea. My credit is bad and have a bk from 2011. Nobody will lend to me. The property makes 10k net per month. I have a tenant that is interested in only renting the property and has a good credit score and job. He agreed to do the following as long as he would get a 3 year lease for the space at no cost to him. My plan is to do this in two steps: 1- Sale leaseback. I would sell it to him for the balance of the loan 400k. Estimated value is 800k. 2- Master Lease Agreement. Once the loan is funded, he will do a master lease agreement and sell me back the property after the 3 years, (no prepayment penalty). Has anyone ever done this type of deal? What are the risks for the two of us the seller and the buyer? Is it legal? Everyone's telling me to "just sell it", but what would you do if your property netted 10k every month? I'll only make 200k in profit if I sell, which I put 100k alone on repairs this year. Help is appreciated and will be compensated as a consultant fee.