Kyle... I know it is a lot of work accumulating the knowledge to properly make knives but I assure you, it will be to your benefit to read all you can until you understand it well enough to make educated decisions. This is not meant as an insult but some of the questions you are asking are covered by the most basic of topic searches. We respect your eagerness to get started but many knowledgeable makers have taken the time to put together articles and tutorials all aspects of knifemaking... all we ask is that you appreciate the effort by seeking them out.
Check the "stickies" at the top of the Shop Talk section.
Rick
Edit
Well, now I kinda feel bad. I didn't want to come off as a jerk. I hesitate to put you in this category because you seem like you are making the effort in getting some good equipment and are very respectful in your posting. However, we get a lot of aspiring makers who ask questions before seeking out answers for themselves. Much of the time, it seems that being pointed in the right direction is not what they are looking for... they want answers and they want them, NOW. They don't want to do searches, read threads or pick up books/DVDs. Generous members end up spoon feeding these individuals, day after day, week after week, until they begin to not even bother opening "newbie" threads. As for the spoonfed individuals, what happens is that they never truly learn the skill and more often than not, choose methods by popularity instead of fact based reasoning.
As I have said, I hesitate to put you into this category as you are new to this forum and must be terribly excited to get going with your kiln. I simply want to make you aware of an all-too-familiar pattern that is easy to fall into.
To answer your questions...
Temper at least twice for 2hrs each cycle. For plain carbon steel, it is beneficial to water quench after each cycle. This helps to eliminate unwanted precipitations and saves a bunch of time.
Use fresh oil and warm it up to 100-130F (you should be able to dip you finger into it for a few seconds without screaming:thumbup
