with Shadygreenthumb. The BBS are selling those pots as self watering pots, but they have no drainage hole(s). If you want to use it as a self-waterer, you need to drill hole(s) on the side, just above the part that the soil sits on (above the reservoir). I can't for the life of me think why they don't tell the consumer that.
If you want to use it as a regular pot, then drill holes in the bottom portion of the pot. The soil needs to be able to drain, so that it does not become stagnant and deprive your plant roots of oxygen. Other than that, all of the other info you've been given above sounds good.