If your market is too expensive dont be afraid to drive a few hours to a markert more affordable for your investment property.

You will have a lot of people who want a place they can't afford, but there are just enough who do qualify, and have sufficient income, so it will be fully occupied without any problems.

Affordable homes in the Austin area are harder and harder to come by.

Yikes, $50K would be a severe restriction if buying all cash.However...Have you considered having your Chinese buyers employ leverage afforded by either seller financing or private lenders to acquire properties?

Class B, is affordable and is very recession resistant in the right areas. 

If people can't pay rent, how can you make money/afford a loan assuming you don't pay cash?

Our goal is to get a home as soon as we can afford it, what would be the best choice and pros and cons.

If you can afford paying the bills, rehab costs for a BRRRR, and all the carrying costs associated with it then go for it. 

I would personally go the route of get as many properties as possible, but if the numbers don't make sense and you over leverage or can't afford to do your first BRRRR, then you're hosed.  

We saw very few move-outs as we were still the most affordable in our market.