Not that you asked, but if you are going this route, I'd highly reccomend the BRRRR method.

Guys i have a question if i did the brrrr method all the way with the rent in the end..my question after i did the second mortgage of course... the equity i have in the property van i get Heloc on this or not ?

So, to do what you are asking, make sure you are using the appropriate accounting method. 

If you feel the need to explain yourself you could always use the "Binder Method" where you walk through comps with them to help them understand where the number is coming from.

This is the most accurate method for determining the After Repair Value (ARV).Your broker can provide a Comparative Market Analyses (CMA) to assist you in estimating the specifications of homes in the area and the value that these specifications add to your property.

I've heard of other investors using this method to flip but not sure if this will work as buy and hold

Anyone have success with either of these methods? 

Freddie Mac: "The appraiser may also need to consider whether the income approach, cost analysis, market surveys or other methods are appropriate for supporting adjustments.

They suggested an alternative method, but I would need to provide more information, like passport, which I refused.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.