I filed bankruptcy in 2016 and according to my local credit union, I will have to wait for two more yrs to 

1) Refinance my current investment property. I have $80k+ of equity in the property currently and decent cashflow

2) have the ability to get a conventional loan

So I'm looking into hard money lending to fund my next property. I plan on living in the property (at least 2 yrs) to later turn it into what will be my 2nd rental property. Any advice? Would I be able to refinance to a conventional loan later? Is this even a smart idea or am I way off?