An electric cutout is incredibly easy to wire up.
With that said, welcome aboard!
A few thoughts, since I've been in the 240 scene since you were in 3rd grade and own an exhaust company that builds badass catbacks for the 240sx (and other Nissans)... I'll skip the old guy lecture on 'first things first,' because learning and researching is awesome and half the fun.
I can tell you (as will most other guys who have a lot of 'slide miles' under their arses), you don't need to do a thing to the car to get your practice in. The car doesn't care what exhaust is on it, and leaving it stock is just fine (an exhaust cutout on an otherwise-stock KA-powered S-chassis isn't going to add magical asskicking unicorn power or make the tail end hang out anyway).
Parking lot practice is great, but organized events are the place to REALLY learn (and keep your license intact).
With all that said, get your car, get back in here and share your starting point. There's a TON of useful info here (240sx.org goes all the way back to an old-school mailing list in the mid 90's), and most of us have owned one or more S-chassis. We've seen every mod known to man, and performed most of them. We've turned POS 'missile' cars into daily drivers, and I built a bagged, stanced, 400+hp turbo KA droptop 240sx that changed the game back in the day.
You're in a great place among awesome people, so read 240sxtech.com, post, ask questions, wear out the search button, and have a blast. Welcome home bro.
