Ideas for next deal, already own 2 houses in NJ

[Drew Slew]

A friend is looking for ideas for next deal, here is a financial snapshot - hopefully some of you w experience can give ideas of what you would do in this case. Lives in NJ, works in NYC.

- makes 120k, saves 5k clean a month, currently has 18k saved. 

- cashflow - 2 houses rented, overall cashflowing $1500 extra per month (2 mortgage and expenses all paid from it)

- debt: 19k student loan at 6.5%, car loan 25k at 2%, 2 mortgages 108k at 3.5% and 314k at 4.5%. 15k credit card debt at...19%

Basically has 15-20k cash atm and 5k coming in monthly, so could either wait, pay off all debt or buy another property.

Big on Jersey City, and potentially looking at areas like Palm springs / Miami for a vacation/investment property. Also heard good things about NC raleigh/ SC columbus areas.

Would be looking at his 3rd property - mainly condos, multifamilies in the 100-300k range - or just paying off all current debt. 

Thanks