Should I buy now or wait

[Monte Dick]

Here Is one of 1000 questions I have being I am very new to the investing world and am wanting to dive in head first. I live in California and it's pretty expensive to buy around where I live and they say it's a sellers market right now, also I keep hearing to wait for th bubble to pop. So For my first investment property would it be wise to buy a cheap condo/ or duplex and possibly make little to no cash flow in it but just have it so it's paying itself off and building equity. Also when I get married next year and start a family I can pull out a larger amount on that property to put towards the home we would like to buy and live in? And from there I can pull from that house to put towards the next investment property? We have about 30k right now to put towards our house but I thought if I do it how I just explained above might be a better smarter choice?