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Just want to share my experience with you. I was considering something very similar a while back, but I didn't want to blow money on a botched investment so I sought some legal counsel. And no, I didn't waste money on that, I never deal with a lawyer who won't first do a free consultation. You'll find that the best ones typically do offer this, because they are successful enough that they don't need to nickle and dime their potential customers to death.
Both of the lawyers I spoke with advised strongly against it. Starting a paysite costs a lot of money to do right, even if you are starting small, and you cannot realistically expect to be profitable in the first several months - a more practical goal would be to break even in 1-2 years and then grow steadily and multiply your profit from there.
There are a lot of expenses you are probably not thinking of or factoring in. What happens when you rent equipment or a location, and then the model blows you off? Do you have excess cash to cover these losses? Or what if you shoot the models and then later determine you made some kind of lighting error or you have an equipment failure and lose the data, so you have paid the models for nothing? Shit happens, gotta be prepared, any new startup business needs a healthy cushion of cash to make it through the bumpy road in the beginning.
If you want to try you hand at this business, I would recommend to you what the lawyers both suggested to me - either start out by shooting some kind of creative niche content and selling it on clips4sale, or a similar platform, or shoot content on a freelance basis for an existing paysite. That way you can learn one part of the business at a time, rather than trying to learn how to shoot content, get the girls to act right, mastering the lighting and sound, converting and cleaning up the video and/or pictures, plus building / maintaining / designing a website, working with a billing company, marketing, advertising, etc etc etc all I'm saying is it's a lot go bite off at once.
Good luck in whatever endeavor you choose to try first.
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