Hello, I hesitated to drill or cut glass for the longest time but after taking a leap of faith trying it for myself I found it's quite easy, especially with thicker glass.
First, I watched some instructional videos online. I found this
one from Bulk Reef Supply the most helpful and it references their drill bits and press. In hindsight I realized it was fairly easy to drill free hand (provided you aren't super picky about scratches) and didn't need the press. I would recommend paying the extra money for the schedule 80 threaded bulkheads though, they are much easier to get tight without breaking and can be reused. Also note that the drill bits loose their sharpness after about half a dozen cuts.
In regards to drilling tempered glass, remember that you're not cutting you're grinding and need to go very slow with lots of water for lubrication. It literally took me two hours to make the three cuts I posted about. Put the surface being drilled face down if you can and pad the bottom to reduce vibrations. Use a lot of water and almost no pressure on the drill, just the weight of the drill itself is enough. I adjusted the speed of my drill for screwing, not drilling and still kept the trigger only partially depressed. When I broke the tank a few weeks ago I made the mistake of trying to rush things by leaning over the drill and setting the drill speed too fast.
It's easy to find cheap used tanks and even if you end up breaking yours, buying another used one and trying again is still probably cheaper than purchasing a predrilled tank.
Do you know how to setup an overflow box? I'm still in the process of plumbing mine (have a lot of teacher things to do) but I'll try to post my setup when I'm done.
Good Luck!