I'm thinking the downside is that it's a pretty slow way to accumulate capital for additional properties but since I don't own properties yet I'm probably going to need collateral for loans right?

Passive...but you usually have to accumulate funds by doing active investing first.Actually, whichever works best on the deal at the time.  

For the years in which you have losses, you'll want to file your tax returns anyways - you can accumulate losses to offset future gains.  

So many others have nailed the key here, you can accumulate all kinds of information for free, some can take it and run, some need the hand holding and step by step guidance. 

I am accumulating knowledge in real estate before I get a full-time job and begin to invest.

The whole thing here is PRICE and CONTROL.Since real estate is what I do for a living I want to wring every last cent out of it and get the best margins and lowest price I can.I also want to manage and control my deal and invest locally where I live.Other investors might not live locally where they can invest and get the returns they want or they work a full time job and want to allocate some investment to real estate.These types of investors usually have many different types of investments in their portfolios (stocks,CD's,etc.)They want the balance of a decent return but not a big headache.So one investor might say I want 11 CAP and do it myself.Another might say I am happy with 7 CAP and being less hands on.It depends on your age and where you are in the investing cycle as well.Are you going for aggressive growth or have you accumulated a bunch of wealth already and just want decent returns above yearly inflation??

If they don't buy they forfeit the accumulated credit.How does Dodd Frank / SAFE effect this transaction?

What was happening after scoping is the plumber said that that bend accumulates over time and starts blocking the flow to the street.

Saw someone's 90 day challenge and I've had a note on my dry erase board for the last 3 months when I created my goals for the year of accumulating $1,000,000 worth of property in 2014.

I am interested in accumulating long term single family rentals and eventually want to get into larger multi family properties.