I was also looking into hard money lenders, however my concern is that I may not be able to refinance the property after the term due to my credit situation and I would be in a bad place with the lender.

If you're confident in your analysis, I wouldn't worry 1 second about the realtor's opinion good/bad.

A good or bad idea?

Success in business and investing is next to impossible with bad credit.

@Valerie Copeland yes, perhaps that is a "wiser" decision for the reasons you listed but I do not think you should be deterred from analyzing and (possibly) putting offers on properties strictly due to the fact that either it was no tenant or has a bad tenant.

If the projections prove right and the new units match the demand, occupancy rates won't be bad.

Location is a huge determining factor because the difference between a nice and reliable tenant pool and a bad one can be a matter of a few blocks.

It gets a bad rap because it's a bit cloudy, but come on are you kidding me??

They aren't that bad online.

HiI have a rental I've owned for about 10 years. it's a triplex I have been a bad boy....I took the milk and did not care much for the cow.