well 70% of 455ks isnt much more than you currently owe at 283k the 70% of 455k is 318.5k and after closing items you might only net 20-30k tops (new loan minus current 283k - closing items = net proceeds in "hand.").So The question you should be thinking about is what are my closing items and is this enough cash to accomplish my mission/goal?

No and you need to put this on hold and research the condo nuke that's about to hit Florida in the form of new legislation that no longer allows condo boards to defer necessary repairs. 

Best of luck with your first deal—this community is a great place to build connections with lenders, agents, and contractors. :) 

This is a great place to learn and further investigate investing in real estate.

Meyers to discuss this nationwide and Lehigh was the poster child for massive subdivisions allowed to be platted without enough infrastructure to allow a full build out.. 

This would be like thinking pizza.com has the best pizza.

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@Mike Most this is one of the few times we disagree with @Adam Bartomeo:)It really depends on the specific market the property is in.

@Paul Bogard going to assume you are buying this proeprty to live in while you "house hack".First, you should understand +95% of real estate agents ONLY know how to sell owner-occupied properties and are almost useless for investors:(Find an agent that has rental properties themself or can PROVE they've got successful repeat investor clients.Secondly, you can greatly improve your cashflow by renting out your other bedrooms.