I’ve been in the industry for a while, so if you need advice, I’d be happy to help!

Sadly, the industry is full of stories like yours.  

I've worked in the Television and Film industry for the past 11 years.

I'm a registered nurse & looking for a way out full time in the health industry.

Upon graduation from college I started work in the oil & gas industry 80+ hours a week.

We wasted several thousands of dollars with them until we realized that they weren't able to handle the project...After we fired them they turned around and offered me a job ;>) - I politely declined as I don't think the industry is setup to help us. 

It depends on what you are spending on the deal.Sounds like it is about 50% expense ratio at 54.55% which I think is along with industry standards.The net income looks like its $23,543 for the seller.What is his interest rate?

Before 1957, there was no industry or investing arena defined as residential real estate investing.  

A CPA and lawyer should be part of your team but not necessarily from the same in house group for assurance purposes - @Paul Beets depending on your framework you should leverage the two separately of their industry knowledge, experience and network to grow your endeavors. 

We bought an industrial warehouse for ~$250k and is in the process of renovating it.