Should i invest or wait for inventory to improve?

[Usman Chaudhary]

I am rookie investor in the Naperville area. I want to invest in more rental properties but these days the inventory is very low and whatever comes to the market is being over bid on, so should i 

1. Look at other areas in the Chicagoland area for suitable investments. If yes then which ones?

2. Wait until the mortgage moratorium is lifted so the inventory is improved and keep increasing the cash savings in the mean time?

3. There are some opportunities in Chicago city these days but I am not sure how the rental future is there because of the flight towards the suburbs.

Appreciate the help.