5-8 years ago, you could pick up these lots because developers went out of business before completing the subdivision, but these days, if a developer isn't developing a particular lot, there's probably additional reasons (didn't perc, slope/shape is bad, utilities are tricky, etc).

Another note for you on conventional financing for condos is that anything over 15 year fixed and 75% LTV will pick up an additional condo "hit" to the rate meaning your interest rate will likely be 1/8 to 1/4 higher in addition to the typical uptick you would see from an investor loan.My guess is that your broker either doesn't want to deal with verifying warrantability of condos or does not have experience with non-warrantable loan programs.

@Andrew Orr, My wife and I painted the paneling in an addition of a home we sold in Michigan.  

In fact, not only will they buy me the house (paying the mortgage) but they can pay for my retirement contribution, purchase me a new car, pay for my annual vacations, my medical insurance, my kids college tuition.

I have my story, the struggle, and the journey from when I was a poor kid growing up, then when I began investing from the age of  22 or so to today at 31 years old where I have attained what in my perspective is success through real estate which impacts several categories of my life.  

I'm one of his victims unfortunately.Just kidding J.

It just so happens that my kids will be out of town, leaving me with a rare evening free. :)

@Daniel S.Don't forget that there's a 10% early withdrawal fee (age > 59-1/2) in addition to the taxes.

I want to be the one FLIPPING these houses and making a difference in dilapidated neighborhoods but I don't have the financial backing so I just feel like a kid in a candy store with no candy money.

When my kids were 2 and 4, I refinanced the rental to a 15 year loan so it would be paid off before my oldest graduated high school.