Make a list of your expenses and the income coming in get a clear picture of your expenses. I would also speak to a mortgage expert who can give you some realistic numbers to consider before you can make a clear decision of buying vs. renting.
Feel free to contact me.
I wouldn't suggest putting all your money into a $100,000 condo at the same time as taking on debt (mortgage) for a condo that, if in West Hollywood, will be in a subpar building and won't really be all that desirable to many people. I would advise you to find a modest place to rent and continue to save your money to put into a better condo in a few years time.
You are still very young and have done extremely well to be in the position you are, but think what two years, a steady job and wise saving could do for you. A good first time buy condo, in a desirable location, in a quality building you ideally want to be looking in the $200,000 range.
Check out my website realrealtyla.wordpress.com and check out a stunning, fully updated unit in a great part of LA that just hit the market today for $205,000. These are the sorts of units you can get if you continue saving for a little longer.
If you have any other questions or concerns please do not hesitate to email me at Realrealtyla@gmail.com. I also have a profile on Trulia that includes some of my previous blog posts, recommendations etc.
Best of luck,