You typically will see small banks/credit unions probably wouldn't be able to out-of-state, but otherwise any mid-size company or larger should be able to.

If the borrower creditable?

I used the background and credit checks offered through Cozy. 

When you say that you will "screen" prior to showing, does that mean a full application with backrgound and credit checks?

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property?

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

I would suggest looking at commercial banks or credit unions in the area to see if this is available. 

If the inspection reveals a bigger problem, either you can try to keep the deal alive by offering a seller credit, which could motivate the buyer to move forward, or the buyer walks away. 

Do yourself a big favor and ask the bank/lender up front and please make sure that your loan officer or banker is well versed and either knows their guide lines or gets an approval from their credit committee in advance.If you have any questions feel free to reach out or send me an email I have had this come up a few times in the past.

With the proceeds we later purchased two properties the same month, one with FHA loan 5% down and received a closing credit of $8k plus a $2k check made out to us after closing.