What is Reddit's opinion of BLACK+DECKER Corded Drill, 5.5-Amp, 3/8-Inch (DR260C)?

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That project sounds like it would be an interesting & learning one to take on. I have some old battery powered drills that I might try this out on. But as you note the $20 drill is likely the route to go if you're not looking for a project.

This B&D runs $25 on Amazon and has pretty good reviews (likely you can get closer to the $20 for a generic at Harbor or Wal-Mart)

https://www.amazon.com/Decker-DR260C-5-2-Amp-Driver-8-Inch/dp/B00T2VJ93C/ref=sr_1_1?s=power-hand-tools&ie=UTF8&qid=1508552415&sr=1-1&keywords=corded+drill

Agreed. You can get a drill for $30, if not less. That's basically the cost of a trailer rental, never mind gas, and paying someone.

I used baler belt from Tractor Supply Company, as the rubber flaps, when I did mine.

https://www.amazon.com/BLACK-DECKER-Corded-5-2-Amp-DR260C/dp/B00T2VJ93C/?th=1

Oh, that's not a drill, it's an impact driver. I'm wayy too dumb to begin to communicate the difference, but I know it's not compatible. This is what I have, it's cheap and works. I have a battery one as well, but this one is cheaper and gives reliable power where a battery can vary based on charge strength.

how many hours of battery does the drill get? I dont have a corded one anymore and this is the cheapest i could find with quick delivery:

https://www.amazon.com/BLACK-DECKER-DR260C-Drill-Driver/dp/B00T2VJ93C/ref=sr_1_4?s=power-hand-tools&ie=UTF8&qid=1545633694&sr=1-4

That looks more like an electric screw driver in a drills form factor.

You might get better results with something like this:
https://www.amazon.com/Decker-DR260C-5-2-Amp-Driver-8-Inch/dp/B00T2VJ93C/ref=sr_1_1?s=power-hand-tools&ie=UTF8&qid=1478633522&sr=1-1&refinements=p_n_feature_four_browse-bin%3A9060578011

I don't own this unit so cannot recommend - just saying a corded drill will probably work better.

For that price, you're going to have to be looking at corded drills. Which is fine; you get a lot more for your money.

I'd go with this one if you are looking for the best budget deal.

But I'd personally be spending the $14 more to get this one to future proof it a little bit.

And I'm not sure I'd do bits on Amazon for that. Go to a big box store and look for a sale on a combo set from one of the following (in order): Milwaukee/Dewalt/Bosch, Craftsmen, Ryobi, Kobalt. They're all basically the same and there are constant sales for $20. Make sure it says it's for metal on the package. I don't see similar sales prices on Amazon.

Edit: something like this though that's possibly out of your price range. You can see there aren't combo sets with that much in them marked down that much on Amazon. I suspect they are loss leaders in the stores.
This isn't bad either, though it's odd it doesn't have any phillips/torx bits

Looks good but it costs a little bit more than I'd like (especially for this project). Do you think this is good?

I just bought this for around $26 and it seems like a good value just because I'll only be using it once or twice per year.

Well, you need to find somewhere that sells cheap tools, perhaps a second hand tools place or a garage sale :)

Edit: here are the things you need, these are way way overkill for the job though and will run you about $55 if you get free shipping.

http://www.amazon.com/Decker-DR260C-5-2-Amp-Driver-8-Inch/dp/B00T2VJ93C/ref=sr_1_1?s=power-hand-tools&ie=UTF8&qid=1463019428&sr=1-1&keywords=drill&refinements=p_36%3A1253528011

http://www.amazon.com/Coolshare-Awesome-Craftsman-61-Pc-Accessory/dp/B0140PDXW2/ref=sr_1_11?s=power-hand-tools&ie=UTF8&qid=1463019496&sr=1-11&keywords=twist+drill+bits

http://www.amazon.com/Black-Decker-SF100-Wood-Finder/dp/B00020JOFA/ref=sr_1_16?ie=UTF8&qid=1463019602&sr=8-16&keywords=stud+detector

http://www.amazon.com/Stanley-60-100-10-Piece-Standard-Screwdriver/dp/B0000950PN/ref=sr_1_6?ie=UTF8&qid=1463019662&sr=8-6&keywords=philips+screwdriver