I need advice on what to do with $35,000

[Dathan Nunn]

Okay! First of all, i don't know if this is the right Forum category to post this, but ill give it a shot. 

First things first, i'm 23 from British Colombia Canada. Very new to the real estate investing game. I Own a house 3 provinces over in Manitoba, which my dad is renting off me. I paid $86,000 for that 2 Bed, 1 Bath unfinished basement and detached garage in a prime location. Its renting for $600/month. 

I have a Truck that i owe $35,000 on and im in the process of trying to sell. About a month ago i took out an unsecured loan to pay of the lien of the vehicle in case i decided to trade or sell for less then it was worth (just to get rid of it because its been nothing but an expensive nightmare). 

I recently got the vehicle back from the shop and its running and driving perfect. So i'm still interested in selling it and i know i could get at LEAST what i owe ($35,000).

With this being on an unsecured loan where i'm not required to pay the lien off immediately, would i be able to use that $35,000 cash (once truck is sold) to put towards an apartment i've had my eye on? Is it a bad idea to use unsecured debt as payment for a rental property? if so, why? Am i better off to just pay off my loan which is being charged at 6% currently, $1000/month payments. Or is it wiser to invest that money into a fairly priced easy rental unit. 

Side note: My main goal for the next 10 years is to work my way up to owning 50 rental units.

The details on this apartment are:

1 bed, 1 bath upper level "condo" 

$49,500 listing price

fully renovated

In a booming coal mining town in southern BC, 45 mins from Alberta border. 

Rent is in super high demand around these parts as its centered between a major ski town and the previously mentioned "Booming" Coal mine towns. 

I have yet to contact the agent. That will be my next step to ask about strata fees, utility costs, what similar units are renting for etc.

Sorry if i made you cringe or shake your head while reading this. Keep in mind im new to this! Any questions just ask.

Thanks :)