Same thing for a rental.

Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose.

Would the property cashflow / qualify for a rental loan?) 

This is also why its important to keep rental licenses active.

I am wanting to buy a property in a online auction with the clerk of courts in my area.

I recommend checking out some of the BP books such as Rental Property Investing by Brandon Turner or Buy, Rehab, Rent, Refinance, Repeat by David Greene. 

How is the tenant base from your experience owning rentals here?

Conventional mortgages can't happen at that pace without a significant income (or your rental income is significantly higher than the debt repayments).

Goal is long term rental. 

This range tends to attract both flippers and buy-and-hold investors.Rental Market Health: A strong rental market can also be a good indicator of investor interest, especially if you're targeting buy-and-hold investors.Research Local Regulations: Make sure to understand the wholesaling laws in any market you’re considering.