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Hey DrDomain,
You've already got lots of great advice here but before you jump in, do a lot or reading. Read back through the archives of the newbie board. Get to know as much as you can about what you're getting involved in and have at least a basic plan. You can make adjustments as you move forward and learn new things.
You said you buy and sell domains...Do you already have adult domains with traffic? If you have a source of adult traffic and it's niche specific, start by targeting that niche as you build.
Anyway, good luck to you and remember to read and not be afraid to ask a question.
Regards,
SF
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