I will bet you $1000 that you will find better deals if you do some marketing to find distressed sellers and buy your investments directly from sellers instead of through the MLS. 

I can bet you this, after this deal and the education I have acquired from it I will be able to rinse and repeat the same situations when they arise again.I would purchase myself but do not have the funds or credit to acquire lending for myself.

Your best bet is to check the tax records for the properties in south Florida.

I am willing to bet that an agent negotiates just a little harder when it is their property they are selling/buying. 

I bet lots of them don't and I wouldn't have any idea if they were doing it properly or not.I don't think it is going to make a meaningful impact with 2 condos.

I would need to talk to some local agents to get a better idea of the ARV, but I feel as though $105k is a safe bet. 

I'm not a wholesaler so I can't offer input on this, other than saying that I'd bet you can find your deals the same ways we find out BRRR deals and flippers find their deals. 

Lastly, once I've listened to the podcasts, and met others, I would then reassess the value that you placed on Phil P, and I bet you will have a different outlook.

Reading between the lines, it looks to me like your quote un-quote wholesaler  might actually be getting DESPERATE, not really wanting to renege on their contract - but, if you (or someone else) don't come to their rescue, what's the bet that they do renege?

I think your best bet is to confirm with that inspector exactly what he expects, as sometimes the requirements seem somewhat subjective and flexible...