Buy now or wait for economy to settle?

[Michael Weis]

I currently have a duplex under contract and just knocked out the home inspection today. Nothing too alarming however to bring the property up to par I will have to put about $10k into it by upgrading the electrical and replacing windows. The overall numbers fall slightly below the 1% rule however that has been the market in the Hampton Roads area of Virginia for quite some time now. My big concern is whether or not I should even be considering buying another investment property right now with the current status and uncertainty of our economy?