Eliminate debt, establish a budget, and save.

I have friends up there! 

From there determining what you have budgeted for your first project.

Easy Street is a good option BUT you need CASH in liquid checking/savings for down payment of 20% and BIG chunk 2-3 times loan amount to buy out of a prepayment penalty.

There are better options that don't have minimums.

If they don't pay willingly, what are my options? 

It’s a short-term option, typically 12 months, that can provide the flexibility and funding needed for a $150K renovation.Here's why it could be a great fit:-No prepayment penalties — so you can sell or refinance without penalties.

I do not have enough information to casually advise you as to your best refinancing options.

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

Alternatively, in a QBO Simple Start or Essentials subscription, if seeing profitability by property is important, you could still structure your chart of accounts to reflect each home, though your P&L will be a bit more lengthy & harder to digest.If you have any questions, feel free to reach out, happy to walk you through the pros & cons of QuickBooks options!