"Yeah, leading man kind of stuff; you know, jumping off of buildings," Combs says in an appearance scheduled to air Friday on CBS' "Late Show With David Letterman."
Besides action-packed adventure, the rapper-producer's ideal film roles would also include "making love to beautiful women" and "very emotional, heart-wrenching scenes."
Letterman advises Combs to start out doing a smaller, independent movie rather than a big-budget picture that could bomb at the box office.
"Oh, no, no, no, I'm going to take my time with it," said Combs, who has a clothing line, Sean John, and heads Bad Boy Worldwide Entertainment and its record label.
Combs, 38, has had small roles in "Monster's Ball" and "Made." He headlined a Broadway revival of "Raisin in the Sun" in 2004, and co-stars with Phylicia Rashad and Audra McDonald in an ABC film version, which airs Feb. 25.
