Seeking advice for starting a little project

Essentially, your idea is a smaller version of rank & rent.

Starting off, I'd suggest that you should specifically look into qualifying expired domains. Figuring out quality expired domains vs spammed/fake metric domains.
Yes on working on learning that and starting to feel like it may need a bigger budget than i expected
 
Yes on working on learning that and starting to feel like it may need a bigger budget than i expected

You will, yes.

Scrapebox has an expired domain hunter and Domain Hunterer Gatherer is a software sold here as well.

Also, you'll need to front the initial cost of multiple good expired domains. I'd say minimum $1000 for a good start
 
Regardless the way you will choose to monetize this idea I suggest planning everything in detail, very important thing IMO.
 
Before deciding to take action consider many factors. If everything checks outs start working immediately to achieve good results.
 
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