Do you have a folder in your demon buddy set up called profiles? What profile are you running? It says failed the find the path to the profile. It looks like your path might be a little long. Try setting the bot up right on your desktop.
[20:12:42.882 N] Failed to load profile: Path to profile element is not valid; file not found
[20:12:42.895 D] System.IO.FileNotFoundException: Path to profile element is not valid; file not found
File name: 'C:\Users\Armando\Desktop\DB d3\Profiles\Act 3 Inferno by rrrix'
at Zeta.CommonBot.Profile.Profile.Load(String path)
at Zeta.CommonBot.ProfileManager.Load(String profilePath, Boolean rememberPath)