They will also not to exceed between 80-90%LTC up the the MAX ARV.Hard Money Example: ARV = $100,000Purchase Price is: $35,000Cost to Rehab and Stabilize the asset is: $38,000The Max Loan Amount, using 65%ARV, would be: $65,000This example's Loan to Cost (LTC)= Purchase Price+Rehab Costs = $73,000In this scenario, the Lender would lend $65,000 (The MAX % ARV because your LTC exceeded the Max ARV percentage) causing you to come to the table with the remainder of $8,000+closing costs and reserves (as applicable).Hope that helps some and again..this is a very simple explanation

No further explanation is required.

I'm in Four Corners and Windsor is building a brand new resort right across the street from me, which I actually expect to be advantageous to me - not only will our area become more familiar to people who come to stay, Windsor prices will be far and away higher than my prices for the same geographic location.

Thanks for explaining in detail Dave.As I re-read your pdf and that excerpt from it, I can see it’s not something I want to venture into and the reason I asked for explanation. 

A few points of explanation: (1) I'm trying to buy near where I live, so I figured mentioning the town I live in will make it clear I am local--hopefully a point in my favor, (2) I figured the point of verifying basic information is really to let the owner know I am not clueless and have done my preliminary research, and finally (3) I'm not sure all that I should verify on that initial call, as my primary goal is to walk the property and engage face to face with the owner.

Your explanation here about CFP is super helpful! 

I've taken the time to do further research, and your guidance has provided me with a solid foundation.I particularly appreciate your explanation of the Debt Service Coverage Ratio (DSCR) loan option and the Bank Statement loan.

Yes, but with the explanation of how I interpret the idea of "how you finance" is really how the two parts of the financing are made:1 - How much (little) cash is put into the deal. 

I appreciated the explanation but they provided no resolution for that fact that important information on the PC was unreadable.

Once you have that set, you can starting diving into resources which show you how to analyze a geographic area.