Help me with my Analysis Paralysis

[Scott Po]

I would like to buy my first house and rent by the room, living in one of those rooms. I was preapproved in Nov for approximately 400k and this was for a VA loan. My salary is 100k, I have 60k cash, and I'm single.

My issue is that I am reluctant to buy given how high property values have risen. The skeptic in me thinks that I should sign a 6mo lease and wait, allowing property values to cool off and drop, then buy a property. On the other hand, I could afford to buy a turn key property and start getting cash flow now. I'd just lose value in the house in 2023.

Any and all advice is greatly appreciated.