Into A Buyer's Mind: Would you Rather?!?

[Adam Germany]

As the buying investor, what would you think if this property (both options) if it came across in your market? I appreciate ALL honest and productive feedback and comments. Thanks in advance for your insights!

860 sq ft. 2 bd 1 bath cabin.
Updating needed (from the 80's no more than $5K) but no major repairs.
Owner owns propeerty free and clear.

Wholesale
Comps: $150K
Updating Repairs:$5K
Wholesale Offer: $95K

Seller Financing Option
Owner Holds Note for 15 years
$100K Selling Price
$12K Down
4% Interest
Monthly Payments of $737
Rental Comps are $900-$1000

Thoughts???