If you are in for the long haul, the right time to buy is whenever you find an opportunity fitting your investing goals and within your means and ability to complete the purchase.Trying to time any market for the "right time" is foolish, risky and rarely successful.Set your investing goals and parameters based on the conditions you see around you and then execute to your plan.

He had a toy skull hanging from his car rearview mirror.

There is a "free" 3x12 beam holding up the roof of my last house.Cool new toy James.

Or are you looking to invest in something that will appreciate over the long haul?

Would you take the profit and reinvest or go through the hassles of renting it out for the long haul?

We would be in it for the long haul (20 years) so I really don't see failure as an option.

Maintenance, repair, vacancy, etc.. will be at least $200/mo over the long haul.  

However, I have zero capital so I was toying with the idea of fixing and flipping a few properties to get started and then switch to a buy a hold strategy.

I'm toying with the idea of purchasing a less expensive property outside of my local area for buy and hold purposes, and also toying with the idea of putting an LLC in possession of the property for legal protection and to reap the other known benefits of having an LLC...However, I don't want to ruin my personal chances of getting an FHA loan for a more expensive home in my local area with little down as a first time homebuyer, and I wondered what the word was.Do I still qualify for an FHA loan even if an LLC in my name is in possession of habitable property?

Toying with the idea of covering the rehab with my cash and using hard money for the purchase.