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20 and being given an studio apartment by parents with a mortgage. 21k in savings. Pay down part of the mortgage or save for a new down payment for a rental property?

I'm 20 and currently in college. Parents bought me a studio apartment that I'm staying in. Currently I'm renting from them, but they say they're willing to transfer the apartment to me if I pay all the expenses (For they're currently operating it at a loss).

The studio apartment is worth just around 90k. The mortgage I'd be paying down is around 60k. I have 21k in savings.

My question is, if I want to one day be wealthy, should I put my money towards a new down payment for a rental property in the future? OR should I just play it safe and pay off a big part of the mortgage on my property?

I don't really know how to navigate all this... I've never done any real estate stuff before.

submitted by /u/Adam_Goth
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source https://www.reddit.com/r/RealEstate/comments/17u5832/20_and_being_given_an_studio_apartment_by_parents/
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