I agree with Scot Reader. Definitely educate yourself first. Then determine the condition of cards you want to acquire based on what you can afford. When I was building the set, I approached it from the perspective of trying to average buying two cards per week (around 100 per year). With this in mind you can figure how much disposable income you have per week and determine what grade of cards you can afford. My set was PSA 4 and 5 with a few 6's here and there. Buying good to vg condition ungraded cards is, of course, a much more affordable approach and probably what I would choose to do these days.
Try to mix in HOF'ers and Southern Leaguers right from the beginning and learn who they were and what they did. It will keep you interested and moving forward.
One thing that was not fun, at least for me, is acquiring 150 PSA 3 cards and then deciding to build the set in a higher grade. Definitely think about it, try to determine a direction, and stick to it.
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