@Fabio Campos I definitely wouldn’t let a hypothetical recession scare you away. Not to say there may not be one in the future, Idk.
As long as you are well within your means and not over leveraged, you should be fine. I would try to NOT use your entire savings though, definitely try to keep a small nest egg just incase any problems come up. Try to keep a couple/few months of PITI.
@Fabio Campos I agree with the other commenters that a looming recession shouldn't stop you from investing, but I take it into consideration as far as my strategy! Investing in a more recession-proof market (I see you're in LA) might be a bit more attractive at this point in the cycle. Look to areas that don't appreciate quickly, that way they don't have far to drop! OKC is a safe addition/starting place for a lot of investors right now.
An investment property should not use up all of your savings regardless of whether or not there is a recession. You need to have reserves. If a tenant thrashes you rental and you go vacant for a few months while doing expensive repairs, you need to have cash in reserve.