Is this the right time to make my first purchase?

[Hannah Joy]

Hi! I'm new to this page and to real estate investing. I'm hoping to educate myself as much as possible before I make my first purchase. I have a down payment suitable for an FHA loan, my goal is to get into buy and hold rental property investment. I'd like to find something that is fairly turnkey for renting out immediately but also have the option to make upgrades that will raise the valuation quickly (adu possibilities etc). I'm nervous enough getting into this, is this the right time economy wise? I'm in NorCal, for context. Thanks 🙏