Buy now or wait til spring to see COVID impact?

[Cory Salyers]

Just looking for opinions on this..

Current situation is 25k of personal savings, looking to buy my first rental house between 60-85k, 30 yr fixed, plan to mortgage around 400, rent for 900, profit 500 per month which I will reinvest to the next and so on.

Question is- do you get in now and start making money? or give the economy and housing market 3 to 6 months to see if COVID impact flips the supply/demand and changes rates for the better.

Nothing wrong with waiting however if our current president remains in office I fear govt bails out the banks and prices only continue to rise from current.

Any and all opinions appreciated, looking for the general consensus. If you were in my shoes, buy or wait?