Student Loans vs. Investment Properties

[Drexell Valiplackal]

Hi there, thanks for taking the time to read this post. I'm new to the community and would like a few seasoned vet's advice on my current situation. I'll try be as clear and open as possible. I'm married, we live in central NJ, my wife and I have about $60k in student loans remaining, household income over $120k. Our lease for the apartment we rent is up in April 2021.

We've employed the snowball effect to pay off a bunch of debt already and any extra income we have, we are throwing at our debt. Using this method, we should be debt free by October 2021. 

If you were in our position, would you pay off the student loans and apply for a residential property loan right after? Or would you use an FHA loan to purchase a multifamily home, live in one unit, rent out the others, and extend the payoff time for the student loans?

Thanks again :)