Repurpose the money into a variety of different options.

All mortgages contain a “due on sale clause” which states that the lender may, at its option accelerate (call note due) if a transfer of the property securing the note takes place.  

Starting with remote investing, like in Charlotte, can be an option, but it might be worth exploring local opportunities in Orange County too.

.- Ask the attorney if your aunt & dad need to authorize lien, or just aunt.2) Understanding your options to force payoff of the lien.- Ask attorney how you can enforce collecting on the lien when you need to.3) Getting full control of the property, while allowing your aunt to keep her ownership.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

I haven't worked with anything but hardwood and tile in recent years but would prefer a cheaper, waterproof option if it looks decent. 

Please correct me if I'm wrong, but wouldn't a single-family home be a better option near Disney World, especially one with a pool, if it's affordable?

There are better options  

Private lending could be an option if your goal is "cash flow".

There are so many options for LVP now, from lower priced to higher.

Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.