Should I take out equity in the home towards a crash pad and/or doing some minor upgrades on the home OR should I save up to get into air BNB arbitrage to increase my money flow and put that towards fixing the home and eventually obtaining a crash pad.

I'm guessing they might eventually want all the ADA requirements. 

Aggressive debt is an investment death sentence (eventually). 

I know you have to eventually pay recapture, yadda, yadda but it still seems like a huge win given the time value of money.

You will eventually collect unless he has decided he wants to spend the rest of his life on welfare.

If you were to eventually move out of the property and rent it, your tenant now pays off your debt.

Have to realize everything eventually moves back towards its norm and having a 100 year event (pandemic) is not the norm.

BP was apparently useful to you, but you eventually left to pursue something that put money in your pocket.

He explained that as a fairly new investor, 5 years, that if he was in my position he would save the extra funds for his emergency fund or eventually use the accumulated extra money to buy his next investment.

:)  Did you get into larger multifamiliesI have business partners who are exploring larger deals, so I expect that I will eventually be involved in them.