Your setup may sound cheap and basic, but you have everything you need for a FOWLR or soft coral tank, which is a great starting point for anybody entering the hobby. Once your cycle is complete you may also be able to add some LPS and even the 'easier' SPS. Just remember the basics: A healthy population of bacteria, nitrate/phosphate removal, aeration, decent skimming, adequate flow in the tank, good lighting, and a dedicated water change schedule. If you are still enjoying it several months from now, you can start adding fancier hardware, depending on your stocking requirements... and take it slow, nothing good happens fast in this hobby.
Read through members tank journals. Lots of good ideas and plenty of learning from others mistakes.
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