I now tie my identity to daily activities (learning and improvement) and the results are taking care of themselves.I am understanding and gaining control over my mind (your #1 above).I hit the gym first thing in the morning and eat a can of tuna and low sugar protein shake for breakfast...a workout and 45 grams of protein is a good way to kick off the day. 

I would aggressively pay down the mortgage, stabilize the property, and hopefully gain appreciation.

You could probably also benefit from attending a local REIA to meet some contacts there and grow your network.

Capital gains are based off of your "basis" in the property, regardless of funding, refi's etc.

I am looking to wholesaling as a way for me to pay for schooling, so there is my motivation.I have mainly been working towards gaining context and shadowing my father and uncle, now I need to take action.Again, would like advice/insight.

I know people look at various depreciation as a benefit to RE. 

As you suspected, I have been spinning my wheels in my career gaining ground slowly and only recently have I made any significant gains in my “market value”.

I joined just last week in a feverish attempt to gain as much knowledge as possible to start my lifelong career in Real Estate Investing.

Even if you don't agree with my numbers and need to decrease the return by 5% it's STILL ahead of an index fund.As you can see from the link above, over 30 years I would see a 23.98% gain EACH year.

Hi,I am wondering if there is any benefit to doing this, for tax implication.From my soon to be refi, I will have $40,000.