glockexe -
Here's my two cents for what it's worth. I started this hobby because I wanted to build the Constitution after having toured it. My research on-line suggested it would not be the ideal starter kit, so I decided to look around for a good "practice" model.
I chose Model Shipways Armed Virginia Sloop and I would recommend it to you as a good place to begin for a couple of reasons: It's not too expensive, it has excellent plans, it's not too big, but most important it involves virtually all of the elements of larger more complex models. It has hull planking, deck planking, cannons to rig, deck furniture to make and it requires rigging. It's a very simple rig with only one mast, but it has yards and ratlines. You'll get experience with almost every aspect, but not so much that it's overwhelming.
For tools, the list is endless, but I would suggest starting with just the bare minimum. You will soon discover what more you feel you need and you will accumulate them over time. For my first model, I built it with literally nothing more than two xacto knives (#10, #11 and #22 blades), a pin vise with a variety of tiny drill bits, a ruler that clearly indicates down to 1/32" or 1 mm, a small square, small pliers, small wire cutter, sandpaper in a variety of fine grits, good masking tape, such as Tamiya, small scissors, a few small paint brushes, and a "helping hand" tool for rigging.
Since then, I have added many more, (some of which I use and some of which I don't) but you can do a perfectly acceptable job on a simple kit with only those I've listed. Other people will probably have a different list, but that was my starting list.
Whichever model you settle on, accept the fact that that the instruction manual will be useless (there are some good ones, but they are in the minority) and rely on the plans. Model Shipways has excellent plans. One area that plans don't really cover though is the sequence of the build. This is where you can rely on others' build logs. They are very helpful in that regard. Also, you'll see examples of how it's supposed to look (it isn't always clear from the plans - often the stern area in particular), you'll see details you want to do the same as others and details you want to do differently and learn great little techniques for the tricky bits.
The best thing to do is just dig in and begin and have fun with it.
David