@Jared Rine  . . . how do you overcome the requirement for an overseas investor to be physically present when opening a US based bank account?

I would not do the deal based on what you presented.

If that's the case (and even if its not really) I would think you are going to need a polished presentation that highlights your experience, success and a detailed plan individual to the struggling subject property.  

Was he totally ethical in the way he presented it to the seller and likelihood of receiving a higher offer?

They can present facts, let the seller know what you are planning on doing, but that is it.  

I hear that time and time again from cash buyers as they complain that wholesalers suck all the profit out of the deals they are presenting. 

Present this to the judge and hopefully he/she has common sense to know this is not your responsibility.  

Appliances only if they are present, and title insurance.

Most likely you will need to find a young hungry realtor and train them in what you are looking for, and how you want your offers presented.  

And yes those in the business target those homes once a retro fit has been done your good for a period of time. but it needs to be a full flown retro fit not just jacking a corner up to make the house presentable to sell to the next person.