Getting back into this. How to proceed?

[Patrick Smith]

Just thought I'd throw this out there to see what the BP community thinks and if there are any ideas I haven't thought of.

I read Rich Dad Poor Dad (15?) years ago and wanted to get into REI ever since, I but I guess I gut sidetracked by...life. I'm more confident, knowledgable and hungry today than I was then, so I'm looking to do this for real. Anyway, 10 years ago, I bought a townhome for $72k. I intentionally bought a 2 bedroom with the intention of renting out the 2nd bedroom, which I have at times. I refinanced it in 2013, bringint payment down significantly. After the great recession, I've looked into selling a few times, and every time I have, the only comps come from the 12 other units on my street, which have always been foreclosures and it looked like $50k was all I would be able to get. It's been a few years since the last of those. So finding comps right now is tricky.

Last week, an investor who owns 4 of the units listed them as one unit on Craigslist for $460k. That's an average of $115k! I called a realtor friend who said with the recent housing boom in the Dallas area, this might be a little high but not completely crazy. She's doing some research for me and we're supposed to talk again this week. Ever since we spoke, I've been reading, researching, crunching numbers, etc (Which is how I stumbled upon Bigger Pockets). I'm fascinated and I love it!

So, realizing I'm still waiting on some information, I'm toying with my options. Should I sell and buy another property (or 2?)? Rent this property and buy something closer to work (an hour's drive away). Sit on it while I save up more money? Pay off my car and student loans first?

Numbers:

Car loan $8k at 3.5%, payment $150, 60 months left (Just financed after hail totalled last car- was going to pay cash but was waiting on a check. I currently have about 8k in the bank, which is about 4-6 months of my minimum expenses. I was going to pay cash for my car but have realized I like having that cushion.)

Student Loan $13k at 3%, $150/Mo ~90 months left

House Loan, 57k left at 4.25% %, monthly payment $500 including insurance and taxes,

Roommate pays $400/mo so my effective payment is only $100.  Hard to give this up/replace.

I can put $600-800 aside or toward loans per month.

I've just realized how good a place I'm in financially and after reading a lot in the last few weeks, I'm eager to get started in investing, but I think it might be better to just put money aside and wait for the market to cool off a bit. Additionally, in the past, I've tried to follow Dave Ramsey and in that case the answer would be to snowball and pay off the debt. I think I could do that in about 2 years, but don't want to wait that long. And with my interest rates so low, I'm kinda tempted to take the risk, save up and start investing and let the loans pay off when they will...

Another concern I have is that with the market as it is today, It might be difficult to find something decent to buy, so if I sell, I might be in a bad place.

OK, I know that was a lot of data and there are so many variables, but I just thought I'd see what people have to say. And discuss...