As Robin mentioned, since the FED hikes have shaken up the mortgage industry, a lot of conventional lenders have shifted to offering DSCR loans as investors are still doing deals while primary home buyers sit on the sidelines for rates to come down.

Given how absolutely bonkers the world is now*, having ready money on the sidelines isn’t a bad thing imo :) *ohh, just Covid remnants, Ukraine war potential spillover, interest rate hikes, high national debt, climate change effects, red-blue state tensions, market high real estate, stock market uncertainty.  

If you stand on the sideline and watch you wont be ready to execute when the moment strikes.

So many say I am going to sit on the sidelines and wait .

It is a risk, but using it as an excuse to sit on the sidelines is no bueno!

Logically, many would-be buyers are back on the sidelines because of the high interest rates, and builders aren’t going to build homes until that demand comes back.If you don't follow Tatiana Bailey and her team its well worth it.

For someone in my position, would you recommment wait in the sidelines for a while or any other suggestions?

I spent over 2 years on the sidelines of the real estate game, trying to find cash flowing properties in the Portland area without luck.

Needless to say, this took the wind out of my sails and I crawled off to the sidelines to soothe my wounds and ego. 

We’ve spent the better part of the last 5-years on the sidelines taking expensive courses (embarrassing), reading book after book on real estate investing without any luck.