It's easy to get bogged down in that area, which typically is just a distraction for action. 

I'm required to on move in but not move out and find that I am distracted when others are present and like to take my time.

Obviously more likely the borrower would try to short sell it quickly before handing it back over, but he’s an investor with lots of irons in the fire and distractions.. he has way more equity then balance due so he would be better off selling short.

A copy of that letter put in with your offer package might give owner a comfort factor knowing you will be able to close.Another thing you might do is find a convenient location for your office and have minimum distractions.  

Another thing you need to do is getting your location located that is convenient for you and has the fewest distractions.  

It's so easy to get distracted.

I became more interested in my 30s and actually have my RE license too but the full-time job, 3 kids and the housing bubble were enough to distract/scare  me from ever doing anything.

It needs to be convenient and have minimal distractions in the now office location.Try to stay in control or what yo are responsible for until you have trust in others.  

What I'm wondering is: Is this a good path to a thorough and effective education in real estate or a distraction that will take away time, energy, and $ from what I'm really trying to do?

Two young dentists can make higher returns through their work and real estate is going to be a distraction.