Advice on Loans

[Will Demps]

Hello,

My brother and I received a house from our father (act of donation in june 2008), the house is a two family unit, estimated value of $70,000. The house is clear of any mortgages, liens (no money is owed for it).

We plan to rent out both sides of the property, but we need money to finish the renovations (central ac/heat, carpet).

We need roughly $12,000 to finish the house and make it available to renters.

My questions are :

What would be the best loan to try for Equity loan , HELOC, or a Personal Loan?

Since I need roughly $12,000 should we try for more ($30k and put the rest in the bank or get a HELOC and use what we need?

Thanks for any help