Will this Owner Financing Deal Work?

[Rich Hupper]

Hello Everyone can someone tell me if this scenario would work in the real world.

I want to put 25% down on a 90,000 purchase ( 22,500) .  The loan terms are 5% at on 20 year fixed term loan.

I then want to do 20,000 worth of rehab. Then sell it for 150,000.

However I want to sell it and owner finance it to someone. I would ask them to come up with 5% of 150,000, I would also have them pay a 6% interest rate on a 20 year loan.  No points, no closing costs. Credit, tax, and income verification only. 

Would something like this work?

What would happen if they decided to sell? Would would I lose my 22,500 investment?

Thank you for the help in this matter.