Need guidance afraid of being taken advantage of and would like some input

[Lesley Cabrera]

So I have a commercial property that my parents gave me control of a couple years ago. After much headache and of learning what and how to do things I have decided to sell the property. There is not much owed on the property, I got an appraisal and I also have a motivated buyer. I was not expecting the appraisal value to be as high and now I am a bit intimidated. I am not sure if I need to speak to a tax attorney, a real estate attorney or where to start without getting taken advantage of.  I want to invest in residential property since the commercial side was too big for me and I have already been too naive. I know 500k is all the capital gains I can have to avoid paying so much tax on the sale so investing the rest is my only option. Can someone give me guidance as to what I should be doing next to protect myself.

[JD Martin]

Quote from @Lesley Cabrera:

It is an industrial use building. Part of the building is being used as owner occupied for a business I have and the other 1/2 is being rented. My renter asked me to sell and this is where I am stuck. I would like to get into a few SFR but because I am completely new to this was trying to find the right strategy to move forward.

 Unless you just want to sell because the building is a piece of crap or in a really bad area, I don't really see a whole lot of benefit to trading functional commercial space for residential especially in a high(er) interest, low inventory marketplace. Most people I know go in the other direction, if they do anything. Dealing with commercial tenants, especially with the right kind of lease, is way easier than dealing with residential tenants.

So why do you want to sell?