So, I got my car up and running and just wanted to thank everyone who helped me out. It is so much fun to drive. I'm having a really great time.
To those who were worried about the direction I took and my choice of expensive parts. From having many hobbies I have found it is also better to get the best parts (or close to) available to you because it will benefit you in the long run. There's nothing worse than having a part and growing in the sport and having to purchase something to accommodate your skill level when you could have just purchased it in the first place. It is a waste of money! I know whith my choices that unless broken these parts should last me awhile with the growing technology.
One thing is certain is that the level of help required for a newcomer is not always there. Luckily we have the internet/forums and youtube and most questions can be answered through these sources.
I have to say that the hotwire is GREAT! It makes setting the car up really easy. I think I have the right setup and my adjustments have made a world of difference.
Now I plan on learning to rebuild the diff and bleed the shocks. Once I learn how to do these I should have a pretty good start. Also, I need to buy tools and things for setting up the parameters of the car. This hobby is expensive, (like most of my hobbies) but a lot of things are one time buyers. Then you get killed with track practice fees haha. Thank you and God bless.