--> man this guy is funny.

Is this worth it?  

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?

Our counsel previously advised we are legally entitled to a greater amount including all lost rent until the home was re-signed, cost of lock-out, cost to clean up house, physical damage, ect.For context, this is a solid house in a decent neighborhood and we never had prior issues with the tenant. 

I think an alien from outer space could be a wholesler in this country..

Moreover, with this in mind, don't expect significant cash flow (if any at all) depending on your investment strategy.

This is because it's relatively easy to remodel in the Winter but it's nearly impossible to find a great tenant in the Winter.

By doing so, this unlocks the door for having a cost segregation study performed on your property.

Here in Texas, I’ve gone through hundreds of deals this year and maybe half a dozen deals were worth the investment. 

I plan to hold this property towards retirement as it's in the area I grew up (obviously anything can change).I am receiving conflicting statements from contractors/friends/family on which roofing option to go with.