I'm looking at creating an air bnb property in Sri Lanka. It will cost roughly 50k USD to buy the land and another 50k USD to build a semi-luxury accommodation that I can rent out. I live in a very touristy area and have a good idea about what is popular. The payback period on investment would be between 8 to 10 years (or longer if things went particularly badly but that is unlikely).
I understand the sooner the better for payback period but due to the significant downpayment on land (I prefer this option to leasing land or property) it will be fairly long. I guess when you purchase assets the payback is bound to be longer but you have the advantage of being able to sell those assets in the future should that be necessary.
Is there anything I should be considering about this or any sort of calculations or information I should read RE investment principles? Looking for general advice about investing rather than the specifics relating to this business.
Thanks in advance