What would you do with 20K?

[Chris Campbell]

I recently refinanced a home that I have been rehabbing for a year. I am currently living in the home rent free due to my roommate who covers almost my entire mortgage payment. Through my refinance I was able to draw out a little over $20,000 and so I am now ready to move on to my next endeavor. I have some student loans from college that could definitely use a $20,000 reduction, however, what I would really like to do is reinvest this money into another property and start my path into investing in real estate full time. 

I would love to start  accumulating some buy and hold properties so that I can begin generating a passive income down the road but I can also see the value in looking for another flip.

So my real question is... What would you do if you were starting out with $20,000?

Any advice is appreciate. Thank you in advance.