Johnny,
welcome to the world of reef keeping.
Here are 3 simple rules to remember on reef keeping.
Three rules of coral/fishkeeping.
1- Things die.
2- Cant change rule 1.
3- You always need another tank or a larger one.
Once you realize these keeping will be easier for you. I recommend getting a larger tank than a 29, If you can get a 40 gallon breeder and up you will have it much easier. Smaller tanks tend to be touchy with water parameters. I am finally planning after all these years being in reef keeping 7 plus years and saltwater (20 plus) keeping a 20 gallon for breeding some Bangaiis. But if your budget can not afford a larger tank, a 29 is suitable, but you will start to look at rule number 3 in do time.
Remember a few more rules,
4- things are expensive and there is no way going around it but you can cheat alittle.
5- You will always find your self upgrading your tank as time goes on.
Well lets talk lights, you will need to buy a good set of lights. If your pocket book can not handle metal halide, then you will need to go with Power compacts. With enough wattage you can build yourself a really nice tank, mainly soft corals. But you can build something really nice.
Another pointer to save money, since it is the most important factor, Find yourself a fish club that has reefers in your area. This will save you tons of money. You can meet people who are in the hobby and have extra items, or just getting out themselves and you can buy their old equipment. Or they can give you free frags of corals or atleast pieces at a low cost. Its passing along the addiction, its all good.
But if you go with your 29 gallon tank, you will need to get 60 pounds of live rock, give or take a pound.
Enough sand to cover atleast 3 inches of your tank. If you join a club, or find other reefers, you can get some sand from them, cup or 2, to seed your sand.
The tank bred fish is a bonus here, i respect that in a person. They will tend to cost a little bit more but saving the reef is a major plus.
I hope this has helped, another thing i suggest is reading plenty of books untill you can not read any more.
jim