Buy, Update, or pay off debt?

[Ben Clark]

Hello BP people,

my family and friends think I've lost my mind by being a real estate investor so I have to ask my questions here! I have a 4 unit currently. I've been looking for multi families under 80k that have a good amount of upside that I could work on to raise the value and rents. My question is what would be my best course of action. I currently have 20k to invest.

1. Buy a new multi unit. Looking for a good deal that cash flows as is but could be a great deal if fixed up a bit.

2. Fix up my current 4 unit and raise rents. The 4 unit I have is 1 2br and 3 1brs the 2br is pretty updated because I lived there for a few years. The other apartments are clean and well kept just dated and really plain Jane looking. If updated I could raise the rents by about 100 per month per 1 br. 

3. Pay off debt. I have a small car loan and personal loan both around 4k. 2 mortgages and student loans at about 28k most of which are in my father's name not mine. 

I know everyone will have a different opinion on what's the best option but I'm open to getting some input from people with more experience than me who are investors themselves! 

Thanks!