I'm nervous and very scared it's my first deal but I feel like I may be walking in this with a blind fold.

Walk away!

Since you allow yourself 30-45 days to find a buyer if you cant find a buyer within that timeframe, you can walk away from the deal.

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.

We don't all walk perfectly at first but seem to get the hang of it along the way. 

Me personally, I would be tempted to put up for sale as-is for what you bought it for and walk away after a certain time as you will then incur other expenses.  

and want the same, I've been doing ALOT of crawling, an ready to try and start walking now! 

Roll in from work during the rain and walk up dry to your house. :)

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