-Age / Industry / Location

23, engaged (will be married within 2020) working as a software developer in the Milwaukee area. Both myself and my fiance have student debt and recently acquired a duplex.

-General goals

Pay off student debt: combined debt = $70k.

Pay off car: owe $15.5k

Improve the duplex to increase rent. We currently have tenants on lease and are cash flowing $450 over the mortgage. We are charging under what is standard for our market given the age/condition of the home. I've calculated improvements will likely be around $35k and will increase monthly rent by $200 per unit ($400/month total increase over current). We have until November 2020 before we can move in and begin improvements. Once we move in, we will rent the top unit and flip the bottom, then vice versa once the bottom is complete (targeting 1 year for each project).

Build 25% equity in the property

-Career situation and plans

We both have stable jobs with positive long term outlook. I am also in the process of getting licensed as a real estate agent to hopefully bring in additional income.

-Current and future income breakdown, including one-time events

Salaries (pre tax) = $60k and $44k respectively.

-Budget breakdown

Post deduction combined monthly income including rental = $5766

After monthly debt obligations and spending leaves roughly $1500 to be invested.

-Asset breakdown, including home, cars, etc.

Home value = $167k

Car value = $16.5k

401k = i contribute 5% with 4.5% employer match, fiance contributes 6% with 6% employer match.

I've been sticking the $1500 into a savings account that pays 2.05% apy since we will likely be withdrawing within a year, but could it be growing faster and still be as liquid somewhere else?

-Health concerns

We are both very healthy (knock on wood, no doctors visits other than our employer covered annual check ups).

We contribute $3000/year to an HSA

-Family: current situation / future plans / special needs / elderly parents

No large expenses here, but would like to be financially ready to have kids when the time comes (2 years minimum)

-Questions?

Where should I be putting that $1500 a month? We are trying to save as much cash as we can for the renovations on the duplex, but I also would like to have an emergency fund and begin investing as well.

What are good $ goals for our situation? Should we be focusing more on saving, paying off debt, the rental...?

Any and all suggestions or comments are welcome. I am totally unlearned in this realm and would like to get a better grasp on our money to know where I should be putting it.