And my sign in the yard gets phone calls of people who can't afford the area.

Would it be smart and reasonable to buy a cheaper rental property in a different, more affordable market, even while we are renting ourselves?

@Benjamin Papet the primary purpose for BRRRR is to help build your portfolio so the refinancing step is intended to accomplish a couple things: 1) affords you with lowering the cost of debt and 2) most importantly, it provides you with the funds for your next deal, hence the "repeat" step.There is a delicate balance with how much debt and leverage you should have so that is a personal choice based on your affinity for risk and how much reserve you have.  

It is now on the market to rent and because of the Corona Virus situation I have experienced a ton of tire kickers who are sick of the quarantine and just think that they want to live in a more spacious environment and away from crowds, and who in most cases cannot afford my house.

As long as you can afford the payments and have stable income and employment, owning your own home is generally preferred to renting and paying off your landlord's mortgage. 

I'd like to learn more about that market as it seems to be more affordable than surrounding towns to the east.

Currently with what i was approved I can only afford a condo.

Right now I am saving up and trying to get pre-approved so I know how much I can afford. 

Your statements about price, supply, and days on market are very much in line for what I am seeing for "affordable" single family homes in B class or higher suburbs (about $250k or less).   

Our advantage was that we are super frugal when it comes to spending, so it didn't matter that we didn't make a lot, we could afford the payments on a house.