It seems like you are still very much in the middle of deciding what you want to collect. What I would do seriously, is start collecting a certain team first and complete that mini set and that may tell you where you want to go from there. Each team doesn't have that many players and they aren't too tough to collect depending on which team you select. Either way, you won't have trouble selling them off if you decide you don't want them anymore. If you collect Southern Leaguers, you will be looking at around $45-60 a pop generally for a "good" conditioned card except for a few that will cost you a little bit more and there are 48 of them, so it will take a bit before you finish. If you just select a certain team to collect, you can pick one with one or two HOFers, so you have some relevant players in there so it doesn't make it a somewhat boring team to collect.
Ultimately the decision is yours, but IMO this may be the way to start out and then decide.
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T206's Graded low-mid 219/520
T201's SGC/PSA 2-5 50/50
T202's SGC/PSA 2-5 10/132
1938 Goudey Graded VG range 37/48
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