Which is used to keep pipes from freezing but guess that doesn't particularly mean it's a water/sewer line 🤔 .  

One unit has nearly the full back yard and has a lot of water irrigation.

That would give me enough time to repair the house to meet conventional standards and force equity for the cash out LTV %.

Hey Jake, If your exit strategy is to pay off the balance asap, I would advise doing a HELOC.But I would consider a traditional refinance if you do not have an exit strategy lined up to pay the balance off immediately  and your blended rate (1st + 2nd Mortgage) is significantly higher than a standard cash out refinance. 

I started with 2 and wanted to test the waters, so far it’s luke warm.

Additional relevant provisions in the contracts:"Title Evidence and Insurance: a title insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be obtained by the Buyer. 

It is located very closely to a Pond (+/_ 10-15' from edge of water to house); so it is very close. 

Gas, water, elec are unnecessary.

Interested SFH's near or on the water or at the least with a pool. 

And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.