Is cash king at the moment?

[Duy Do]

I'm a single 24 years old living in Houston. I dropped out of college since I'm just a straight trash student and hustled in the last 3 years. I saved 50%-70% of every profit/income I got and lived well below my means. I managed to save up $120,000 in total asset and I'm eager to invest but I'm also frightened at the idea of screwing up my saving, especially now in the middle of a pandemic and a possible market crash. I came up with 3 options:

1/ Put money into the market. Just put the money gradually into the 90%SPY/10%Bond portfolio 

2/ Put money into RE. Buy a fixer upper for $50,000-$80,000 cash and utilize the BRRRR method

3/ Just holding cash and wait for the waves to ease out

So, is the best day to invest is today or cash is king now? Considering the situation now, if you were in my shoes, what would you do?