I am sure there are some here on BP that owe it all to BP.. but just as many or more owe it to who ever they paid to get them off their butt and get going.. if that cost you 1k for Ben's course or a little more for a year of hands on training by someone like Brian or you paid 40k for a national brand training it is that step that made most take the next step.Along with the I want it now attitude of our current brand of RE investor and the age of the internet getting in front of people and enticing them with the idea that RE is the way to rich's and quit their job and spend time with the kiddos etc.  

Florida another etc.the key is to have your transactional funding set up buy the thing then resell it. and or if its OK to blast out on the internet a house for sale you don't own then try that. with the huge amount of info at one's finger tips and with the guru's pitching this get rich with none of your own money and what certain folks pitch here on BP you now have many more folks out there trying to do the same thing.. many with no experience many with no morals or ethics and consumers are getting hurt.. when that happens they complain and when they complain the states start taking a look..

I am out of state so my property manager has been handling the quotes .When I look up the unit on the internet they sell for about $1500 I cant believe it costs over a$1000 for a change out .

Scour the internet, solicit realtors, wholesalers, etc...and try to find that first property.

A lot of it would depend on exiting, isle placement, types of refrigeration, full or limited meat department, bakery, etc.Even the large grocers like Albertsons can't estimate a cost per square for a store buildout unless they've designed and constructed the buildings to their specs.Unless you're dealing with an experienced contractor who has built out multiple grocers, I doubt you'll be able to estimate a buildout cost.This type of capital improvement is just to large a component of leading costs so my advise would be to spend the money and have an architect layout the store, they don't need to draw up plans just yet, and then find a qualified contractor, or two, or three, to bid out the job.

The word of advice I give out state investors I deal with is visit the city so you can get an understanding of the layout.

@David Moore I do not have a license, but when I found a property that interested me and was on the market, I was able to do a few short minutes of internet searching to find the listing agent.

So we all know the internet is filled with truths and cannot lie right? 

When I did my due diligence I noticed a few things that stood out. 1) as @Ned Carey mentioned some of the expenses were very low and with a building that old, expenses are usually a lot higher.  2) with a more realistic projection of expenses you will see that the ROI and COC is not worth the effort. 3) the layout of the building is not the most appealing which in turn makes it less appealing to prospective tenants. 

Research the type of evictions and notices allowed (Internet search).