The problems with using this setup in the instant scenario: 1) the rehab and holding costs are unknown and would have to be estimated which imo would conflict with the certifications in the DoT; and 2) the costs including recordation taxes and fees and doc prep would all come out of OP's pocket up front.

Those are your characteristics, not general things like "add a loading dock" =instant profit.

They did they did 8 residential appraisals using comps and that created over $500,000 of instant equity.

Hats off to Jeremy Brandt, CEO of WeBuyHouses.com for the partnership. https://www.housingwire.com/articles/realtor-com-launches-new-ibuying-partnership-site-to-show-home-sellers-all-their-options/Some excerpts from the article:Instead of becoming an iBuyer itself, the home search site created partnerships with other iBuyers to offer more options to home sellers.iBuying alternatives for sellers include an instant offer from Opendoor; Sell Now, Move Later with EasyKnock; WeBuyHouses.com’s HomeGo option, where homeowners can sell their home as-is; or homes can be listed traditionally on the market with an agent.iBuying and sale-leaseback programs are made available to provide flexible alternatives for consumers looking to move quickly, get fast access to home equity or sell a home that needs repairs without worrying about that hassle.

You might end up losing your job and the relationship.I would not instantly say no, but be very very careful.

Conversely if I have a well located building I am buying existing for 60 a foot and put 30 to 40 into it for 100 a foot with free land cost basically then I can start rent lower to tenant and still make a ton of profit.In smaller markets that could hurt other properties with higher in place rents but in stronger markets me getting it cheaper and leasing up cheaper should not affect the market much because tenants will pay up for the best sites.I have talked to thousands of investors over the years and instantly know if NNN is right for them or if they are wasting their time.I could post a whole book on this subject but do not have the time to go into more detail.  

Get a great deal (build instant equity) 2.

Realized I want to buy a property with an FHA loan to renovate while I live there (gain instant equity to pull out later) 2.

Instantly adding over 50k in equity to our position on this property.

The units renting for $995 are a lot nicer than your subject property.Why do you think you'll instantly add $50k of value without any improvements?