Measured each and every pins resistance to the corresponding colored wire -- five of them. All 0 ohms resistance on meter.
This doesn't make much sense.
If you're saying that you've measured the resistance from each pin of the iron cable's connector all the way to the corresponding wire on the circuit board's side, then this would mean that either your multimeter/test leads are faulty, or that it's miswired somehow.
Try different resistance ranges (if it's not an autoranging one), you could also do a continuity check instead. Also, do you get a reading if you have both probes touch each other?
infinite resistance between tip to pin 3
I presume that by infinite you mean keeps going up and doesn't stop?
Sounds like an issue with your multimeter to be honest.
EDIT: IF the tip is the problem, and I need to replace it: Anyone know of a useful assortment I can purchase for this 900M iron? Want some quality tips for it. All the different types I might need.. I am too clueless right now to know what I need. I only ever got one tip before for my old cheapy iron. EDIT #2: I see there are a lot of options with respect to 900M assortment set.. like a set of 11 for anywhere from $3 to $20. Lots of different brands.
My advice, since you're living in the US, you'd be best purchasing the tips directly from Hakko!
Aftermarket tips are a hit and miss in regards to longevity (and some of em can also be too loose as well)
Anyhow, Hakko have stopped production of most of the 900M tips, but the T18 ones are fully compatible with it.
https://www.hakkousa.com/catalogsearch/result/?q=T18I'd suggest you get the T18-B, T18-C3, T18-D12 , T18-D16 and T18-D24 ones specifically.
You could also get a spare heating element from em (A1321) as well.