My first call would just brush the surface.  

The $20k cash will put the lipstick on the pig here (cedar fence, new a/c units, brushed nickle door levers).  

Does the buying market seem soft at this time for flipping?

Howevery, they should be able to give you soft quotes.

Account ClosedIt is probably best to brush up on your calculations.Assuming your lender does not charge any fees, we will do $65,000 purchase + $15,000 rehab for total loan of $80,000.$80,000 at 11% = $8,800/year interest expense.$8,800 / 12 months = $733.33/month interest expense.

From what I understand it is a soft hit and does not affect their credit score.

If you could make your own estimates that would be great, but if you have a really savvy buyer or two they can give you a great ballpark price for a soft offer.

That means my purchase price, rehab, holding costs and closing/soft costs can't exceed $42k which is 70% of $60k. 

(Think infomercial), But most of the meetups are more or a non-profit  philosophy just trying to cover the costs of the meetings and used for networking with a bit of education and a soft upsell usually on the services of the person speaking / educating the group..

Send me a scenario if you like and I will show you a comparison btw hard, soft, and private.