Buying or keep renting in Western Washington

[Felix Poulin]

Hello everyone, my name is Felix and I recently joined the Bigger Pockets community. I am from Montreal, Canada. My wife and I just got married here in Washington and we currently rent in Bothell, Washington. We love the area but as some of you may know rent is very expensive here and we are looking into buying real estate. My wife has a solid job and I'm still waiting to get my work permit in the USA. Therefore, I have a lot of time on my hands. I'm trying to learn as much as I can by reading books, listening to BP podcasts and watching Youtube content. 

I have a bachelor in Economics and a Masters degree in Business Administration. I have no experience whatsoever in construction, but I'm ready to learn.

We currently have 20k saved up for our first purchase/down payment.

My questions are:

1- Is it a good time to purchase a house given the area/market we're live in?

2- If we find a good deal, given my experience, what would be the best way for us to run this property? Live in it for couple months or a year, do some work/upgrade to eventually rent for cash flow or sell it for profit?

3- Should we just wait, be patient and rent until I get more experience and knowledge about real estate?

Thank you so much for taking the time to answer, I really appreciate it.

Felix