My partner reneged on our agreement and told me I had to find someone to buy me out, which of course, being in another city, was virtually impossible.

Hard to do, but not impossible.

It is impossible based on the post, with little information, to comment on what you have going on the capital stack (equity plus debt) in your offers.

They played a shortened version in the intro that was pretty much impossible to understand.

Like i said in the email, he has unlimited money so trying to track him is almost impossible.

I still have an end goal in becoming a full time investor but for now in Orange County it is nearly impossible.  

That is not to say its impossible here. 

That was both fair and almost impossible to contest, by nature of the formula.

Being the first isn't impossible, but more difficult.Secondly, the ability to flip by your lack of management under the circumstances means the property should be in fairly good condition, no real rehab work involved, and paint and market types.However, on that point, if you were to contract with a general contractor for the rehab work, the concern in that part of the flip is taken care of......but it needs to show the ability to profit too.

REOs that have been on the market for months and months may get offers accepted at more significant discounts.Not saying its impossible to wholesale REOs.