I’m working up to my first century in early August. Prior to starting training in May I would do around 40 miles a week on a fixed gear. Most rides around 30-40 min. I am not in great shape and I have always enjoyed anaerobic sports more than aerobic.
I do a long slow ride on Sundays and then two one hour interval sessions on rollers during the week. With my starting long rides at 20 miles I increased roughly 5 miles a week up to 50 miles and then started increasing roughly 10 miles a week. I am very inconsistent at following this plan and this week I am doing a little over 75 this week. This is some shit training. My time is going to suck, but I am confident that I will finish the 100.
As far as overtraining goes, I’m not even very sore on Mondays and Tuesdays. Any misery I have felt so far in training has come from not eating and drinking enough. The symptoms there were akin to heatstroke and it took me a couple bouts to figure out what was going on.
The days where I start eating and drinking as soon as I get on my bike and repeat every 20 minutes have been my most comfortable and best paced rides.
As far as bike purchase goes, you are gonna be spending a lot of time on that bike. You want to be comfortable. I wouldn’t risk buying online. Go to a bike shop where they can help you buy something that fits. Not necessarily getting fitted though, that may blow a good chunk of your budget. If a shop can make a fit and bike work with your budget then definitely go for it. Whether you buy new or used, never buy an entry level model if you care about resale. The used market is flooded with entry level bikes and components. If you get into something higher level it will sell/ part out much more easily when you want to upgrade.
Edit: Washedupcynic had a really good point about clipless pedals/ toe cages/ straps. On long rides you want to be able to both push and pull. Don’t need anything fancy there though.