Well, I'm back with an update but with a different problem now.
So, I finally got my friend on Saturday night to fix the soldering and we got all the files we needed through xellous. We had it up and running put some emulators on it and copied some games to the hdd...everything worked.
Then come Sunday afternoon. I go to turn it on and back to the E79/1 Red Ring. So, he talks me though re-flashing everything and we are up and running again(for the time being).
My brother was playing an Xbox1 game for about 3-4 hours last night on it and everything was working fine then I just tried it again a few minutes ago and back to the damn E79 again.
I've tried moving the settings from 0 to 330 and 470 and still nothing. Do you think it could be a soldering problem?
Any help is appreciated. Thanks for your time!