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I think the best advice I can give you is to focus on networking first and recording second. So, if you go to recording school, go in expecting to befriend every single person there (faculty, students, visiting professionals, etc.) . That is how you make it in the industry. Obviously, you want to learn to record, but that will come in time, because as long as you show the motivation and have the people on your side, you will be taken care of. Also goto a school where the industry is its strongest, so you don't have to fight a battle after school.
If you decide to buy gear, you're still going to need to find the people to record. So how are you going to do that?
just my 2 cents from being in the thick of it.
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