Is there a deal here?

[Rick Tripp]

Sacramento, CA, rehab short sale.
Good, established neighborhood.
Current value/purchase cost--$125,000
Rehab costs--$25,000
ARV--$175,000
Have lease/option buyer in place. Buyer is a self-employed experienced builder with solid references. Buyer will do all rehab and pay all costs of rehab.
Buyer filed chapter 7 BK five and a half years ago. Buyer's credit payment history across five accounts is perfect since BK.
Buyer's April, 2011, Experian score is 653.

Questions;
Is a two year lease/option a possibility while buyer continues to re-establish credit?
Is there private funding for the $130,000 purchase?
Thoughts? Suggestions?