It’s good to have goals. Takes time. You just got a boat load of advise from some really smart guys....
Building a hot rod takes a plan, time and money. Your best bet is to ask for help with the plan before you get too ahead of yourself. To get to that goal, you have to realize that your not just building a motor, or suspension, or whatever else piecemealed togeather. You have to look at each system of the car and how they work tegeather. Yes an ET can be calculated by HP and weight. So you need to know how much your car weighs. This will dictate how much HP you need for said ET. Now, what rear gearing, transmission gearing, and tire size are necessary for cam selection. Clearly you want a street car, so that leaves you with 91 octane and lower you can get at the pump, this limits you on compression and don’t want to be much more that 10/1 or so depending on heads. BTW, Cams are somewhat cheep, 150-200 bucks. And a few on here are known to change Cams more than they change their underwear.
As they say, the 6 P’s are your friend. “Proper Planing Prevents Piss Poor Proformace”
Carry on...