For just you and your friend, a pair of FRS radios will work between your locations as outlined. A repeater on your balcony will probably overload your HH radio when you try to connect through it. If you both get licensed ($35 for 10 years) then you can go to GMRS, or, you both could study for a week or two with one of the many license prep manuals and the YouTube videos to pss your Amateur Tech license exam and use existing amateur repeaters across the country.