UND84,
It's all dependant upon the person and situation. The best thing I could have done was start and finish at a state college and then get my ratings after or during school. Unfortunately, the only thing I knew about flight training was the huge ads I saw in different flying magazines. Flying at a FBO that has freelance instructing is getting to be a iffy thing these days as far as record keeping and airplane condition go. If you do go that route try and find a place that keeps new planes and employs their flight instructors. It's fine to fly in older airplanes, but once you've gone new you won't go back. Trust me it's worth the extra cash to train in new up-to-date equipment. I'm not bashing freelance guys by any means, I'm just saying it's nicer to learn in a more structured environment. I've had friends go through AllATPs and they really enjoyed it. Another one I would suggest checking out is Flight Safety International. While Flight Safety is probably more expensive you'll get tons of multi-engine time if you stick it out and instruct there.
That's another question you should ask yourself when looking at potentional flight training locations/FBO's. Ask yourself would YOU want to instruct there when you're at that point. Talk to the people, see how they operate, do they have standard operating procedures, do they keep neat organized maintainence records, is the environment friendly, are they financially sound, can you live off of the pay, do the current students enjoy it, etc... There are flight schools out there I like to call "pilot factories" that pay their instructors $10/hour as a CFI and then there are the diamond in the roughs that have better equipment and facilities that pay CFI's $24/hour + benefits.
G