Is it a good time to buy a BUY and HOLD investment property?

[Sri Voodi]

I live in Los Angeles and have been planning on buying a investment property. But the prices in LA reflect the ones we had during the housing crash in 2007 or in some cases more than that. its hard to find a SFH below 500K in LA (San Fernando Valley). So I was kind of thinking may be I should wait. I currently own a home, and already sold one hold and buy property this year. Any suggestions or insight from experienced investors is greatly appreciated