Concerning foreclosure projections

[Patrick V.]

I know the answer to my question before I ask it: 'dont try and time the market, a good cashflowing deal will still be good even if the house price drops due to market corrections'

That being said, given everything that is going on, should I try and time the market?

To give some context, I am about to jump head first in to cash flowing rentals, intro post here, and am concerned about the foreclosure projections. 

According to Attom data, we should expect a large amount of foreclosures as 2021 rolls on due to federal eviction/foreclosure moratoriums being lifted. Also we are at an all time high of an already long housing boom, the cycle is bound to lead to a correction soon, right?

If my hypothesis is correct then holding on to cash and jumping in when there is a correction could be very profitable. If its wrong then I continue to sit on the sidelines. What do you suggest? I suppose I could invest a portion of my available funds and hold some in case we do see a correction that way I can jump in and pick up cheaper rentals, that way I am hedged either way. 

Thanks for any input!