Welcome to BP Emily...I will be waiting patiently for your jokes and off the wall comments!

Or I can be patient, rebuild my credit, refinance and get some cash out to put down on the next rental property. 

Would you recommend going for it and getting into a home regardless of market trends, or being patient and waiting for a better moment to buy a home?

Be patient and look at as many properties as you can.

We leased it to a (patient) friend while we threw all our startup money into rehabing it.

We're in a peak market so you have to really be patient or get creative.

You will need to do some modifications to the house like adding bars, using lower tubs, wider doors, wheelchair ramps, parking,.......I know some investors who target patients with mental issues (rather than physical), since modifications to the house are less.

Be patient with yourself and don't try to run before you walk - ie: buy the dumpy life changing fixer upper etc.

thats the only advice that i can give.As an agent who has quite a fw short sale listings all i can say is that the agent wants to close that deal probably more than you want to by the house ,, so if you arent getting a response it is because the agent isnt getting an answer from the lender...i have had offers come in and it has taken up to 9 weeks to get an answer ..now as this market continues to do what it is doing the lenders are speeding it up.my best advice is dont take your self out of the deal with your own timelines and when you talk to the agent find out what other offers are in to make sure that you have the stronest offer....and if you are not thats okay make sure the offer your making makes sense for what you are trying to do .because alot of times just like your doing the offer ahead of you will cancell because they are getting impatient and weakest offer that came hrough ends up being the one that gets the home....and as a guy who gets about 50 phone calls a day from agents and buyers alike wanting to know what te staus is on there short sale or reo offer...AS SOON A "WE" THE AGENT REPRESENTING THE PROPERTY HAS ANY SORT OF ANSWER FROM THE BANK THE FIRST THING WE DO IS CALL YOU..so be patient and realize the agent as hard as you push them and give them deadlines and vent all your frustrations,,are just as frustrated as you and want to close as fast as possible.

All because of prayer and waiting patiently on God.