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/Peo, FreeWebSpace.net
Running your own facebook clone type of site is good for school, ect. To make another Facebook, will be nearly impossible unless you have a idea or something different that facebook doesn't already have.
I wouldnt purchase any computer on Ebay, it may be cheaper but its not worth the hassel on DOA parts.
Purchase from sites like Newegg.com, where they offer you some sort of warrantee.
Did you purchase a cpanel license from them? Purchasing a license will fix that problem. I suggest you find a managed VPS, instead of a unmanaged one. Pay the extra money until your ready to manage your own VPS.
You might need to raise your price, cPanel VPS license cost around $150 a year already. Installatron cost around $60 a year. The VPS provider will be losing money if they offer you this.