I would spend more time improving and scaling your business so you can make more money quicker so that you can get the capital to invest in real estate.

There are a lot of inconsistent contractors, so really spend some time vetting them. 

If I was in your shoes I would find ways to streamline your day job so that you are not spending as much time in that role.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

Separately, the benefits and disadvantages of renting to Section 8 is a topic of extended debate on this forum.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

They will be more focused on finding a buyer for a deal vs what date the DD ends and EMD is owed to the seller and most likely not be cancelling the contract or extending the DD to protect the lenders EMD funds. 

Just like many of the comments I want to do RE so I can spend more time with the kiddos..

I mean there is so much to scrutinize here we could spend an entire afternoon reviewing the actual deal let alone the financing.I wish you luck either way man.