Whether you absolutely need to or not, I would recommend doing so regardless.

In other words, you will be taxed twice on the money that you do take out essentially. 

I've used them for setting up real estate Trusts, but that's about it.

That’s how the wealthy do it with real estate or businesses.

Would it be a poor decision? 

It also can be DIY-ed, and many people do.

In order to get there it would be good if you could keep feeding cashflow proceeds back into acquisitions, on top of your continued W2.Speaking from experience, you can manage probably 30-50 units yourself nights and weekends before you really need to hire someone.

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

With its strategic location, the Iron District is attracting attention from savvy investors looking to capitalize on Charlotte’s growth.

It doesn't seem this "accelerator program" is offering anything of true value and quite frankly I am surprised someone such as yourself who has 10 years of experience and owns 50 properties would fall for a gimmick.