When to buy rental houses?

[Mel Park]

Yes, nobody has a crystal ball I know.  However, I'd really like to add 3-5 rental homes to my portfolio.  Obviously things are very hot right now. Homes going for over asking, etc so I've refrained from buying anything.  But I'm wondering - if now is not the time - when is?  A crash like 2008 - I don't see in the cards in the near future.  Population in metro areas is growing, and is forecasted to keep growing.  I'm starting to think that I have to either  buy now, at high prices......... buy later - but at today's high prices plus some appreciation.....OR wait for that magic moment when things crash - - but God knows how long I'll be waiting because eventually, I'd like to start making some money.   Any thoughts?