Windows 2012 R2 Hyper-V cluster without shared hardware

You have two options in order to create a Hyper-V Failover Cluster using your current hardware:

1) Windows Server 2016 with Storage Replica http://www.tech-coffee.net/storage-replica/ that assumes a manual failover in case one of the servers fails or Storage Spaces Direct http://windowsitpro.com/windows-server/what-storage-spaces-direct that need at least 4 hosts https://slog.starwindsoftware.com/microsoft-storage-spaces-direct-4-node-setup/ but provides you automated failover and so on.

2) 3rd party software like StarWind https://www.starwindsoftware.com/starwind-virtual-san
that can take your local disks and mirror them between hosts providing those highly available storage instances as shared storage for your Hyper-V cluster. In case you would like to create an SMB 3.0 based failover cluster using dedicated servers for storage you can use their free version https://www.starwindsoftware.com/starwind-virtual-san-free

I don't have a solution for you but I kinda felt this deserves at least some sort of answer:

To state the obvious, a machine is highly dependent on its storage. In a highly-available environment - where all VMs can run on any node - the nodes must all be able to see the storage for a VM otherwise they cannot be a host for that VM. So clustered shared volumes can only be created if all nodes can see the storage.

With two nodes and no shared storage, I think the best you can hope for - without going 3rd party - is to go without the failover cluster and use Hyper-v replica.

In 2016 we get Storage Replica and I think you can use it to create a stretch cluster with asynchronous replication.

I'd love to see some solutions here if they exist.