Homebrew PCBs

Hi.
I am getting ready to learn how to make a PCB.   I ordered the
carbide drill bits.   I need to get a dremel tool for drilling.
What kind should I get?

I am going to make a simple through-hole board for the first
time.  I have to learn how to create the artwork using Eagle
4.16.  I already put the schematic in it.   I just have to figure out
how to make footprints that fit my components.    

By the time I get that figured out, I should have the chemicals to
do the copper-etched artwork.

I would also like to figure out how to create the silkscreen
layer--you know, the white or yellow outlines of the components with
polarity markings for the diodes, etc. The non-etched image.  I read a
poster say that you could print this silkscreen art onto some kind of
transfer paper using a laser printer.

I'm confused.   A laser printer prints in black on white.   How do you
transfer the image to white on transparent?    
I have only gone through part of the old messages here, so I will keep
looking.   Maybe somebody explained this already.

I realize I'm trying to learn two things at the same time here--the
copper-etched artwork and the non-etched artwork.     I'm trying to
learn these procedures ASAP.   I am going to use the toner transfer
method (rather than ultraviolet lithography,  if that's the right
term)  using special paper.

Does anybody else use Eagle 4.16 ?    I am new to it.

Alan