Finding money for repairs. Turning personal home into long term rental.

[Armand Sepulveda]

I'd like to rent out my personal residence I bought in Dec 21' with an FHA loan but I'm having plumbing issues.

The house value is about 265k and the mortgage is about 215k. I have about 7k in savings but I was wondering if I should use a HELCO or some other instrument to fix the plumbing issues? My house was built in the early 60s and the issue is the cask iron pipes are failing. It's being recommended that I repipe the entire house or reline the existing pipe system. The cost will be 10k - 15k depending on the option.

Any thoughts on where I should get the funding for this project and if it's best to repipe or reline the pipes? I know if I don't fix this issue before renting out the property I'm just asking for a headache down the road with tenets.

Thanks