@Paul6251
Proceed with extreme caution. I'm seeing so, so many reports from distressed hosts who have made significant recent investments in setting up their Airbnbs, only to get a flurry of initial bookings (new hosts get an initial short-term boost in search placement), and then find that their bookings drop off a cliff afterwards and they're left with empty, or rarely-filled, places.
You need to do a lot of market research, and then do some more. Don't rely on data you'll find on the likes of AirDNA - their information is very often inaccurate, and there's evidence to suggest that it serves mainly to drive investment and speculator traffic to those markets that Airbnb have not yet grossly over-saturated - but soon will (AirDNA also advertise certain Airbnb listings on their platform)) Far better to speak with hosts in your area - particularly hosts that have been in business for at least two or three years - as they'll be the by far best source of authentic information, and can give you the low-down on how things really are in your region.
If your particular market is still emerging (your location is not noted on your profile, so I can't advise based on that), it's possible that you'll get a good 12 - maybe 18 - months out of it before it does erupt, but it's still a gamble. However, in an already established and saturated market, you'd be running a pretty big risk so if you're going to take this plunge, make sure that you have a Plan B, such as being able to rent your space out as a traditional long-term rental if needs be, in order to recoup your investment costs.
And if after doing your research, you do still feel that it's a risk worth taking, it's imperative that you don't put all your eggs in Airbnb's basket, as things can - and do - go wrong far too often on this site. From day one, establish a presence on other platforms too, and set up your own website too, if possible.
Sorry that I don't have more positive news for you, but honestly, you do need to be careful, as there are far too many hosts who have made big investments to get set up on Airbnb, getting stung right now, so it's important that you consider all angles very carefully. Whatever you decide to do though, best of luck ;))