Private Money Lenders: would this investment appeal to you?

[Niki Cunningham]

Just curious to see if the following would appeal to any private money investors:

Purchase a property all cash for $35,000. Fix it up for an additional $2,500. Offer it with seller financing for $65,000 with at least $10,000 down payment and the balance of $55,000 with a monthly payment at 10% interest for 20 yr. amortization = $530.76 or 30 yr. amortization = $482.66.

Add $35 per month to the payment for escrow service. Buyer is responsible for insurance & taxes which the escrow service can escrow as well.

Note collateralized by the property.

Exit strategy: Either keep for long term payments or sell the note to cash out.

Am I missing anything??... Please poke holes through this investment strategy!