In escrow/Conversion Project!!!

[Fred Hawley]

I purchase 2 properties on a biding site and rented them out. They are doing quite well. I am now in escrow for a hotel. I am in contract discussions with a company to complete my transitional project. They completed a projection for me. I will make over 8xs/annual the money, if I change this hotel, vs. keeping it as a hotel. Has anyone ever done this before? The company does this types of projects and came highly recommended by several professional and personal business associates. I'm excited but I am a little nervous about the responsibility. This is an opportunity for me to make millions. Again, does anyone know anything about transitional homes or seniors care or adolescent care homes. I am also trying to decide should I just allow them to manage the business as well and then I just collect a check. My accountants will audit all books. They have been very transparent and I get a good feel about them in addition to the recommendations. If anyone knows anything about these types of projects I would appreciate feedback. I am getting a lot of good reports from business partners but I wanted an outsiders view. The company I am using is Quality Healthcare Asset Management. The Performa and Projections are outstanding. My accountants loved the numbers. My attorney was comfortable with contract. Its just the responsibility. I'm accustomed to buying and selling. This will be new and new energy. Any thoughts? Rest assured, I've done my homework on the companies and I'm comfortable with the processes. That's not it.