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The best thing I can advise is what I plan to do once our script is done. FIND SOMEONE WHO SUCCESSFULLY DID WHAT YOU'RE TRYING TO DO! There's a director in town, from the same area, who put together a 1 million dollar film with SAG actors; a few decent names (I won't mention who), and is about to sign a distributer. He shot 35mm. As soon as I've got a script, I'm going to ask him out for coffee and just find out what he learned in his endever, what worked, and what didn't. I'm also going to try to meet with the head of a local studio that has produced a number of low-budget films and get a sense of how he's spent his cash.
It's good to admit ignorance (and asking here is a good first step). Other people know what exactly is involved and can help you out. Often, they'll talk to you for free since so many of them want to impart advice and tell their story.
Been makin' movies for over 30 years now. Funny how no one ever really plans what to do with that movie BEFORE they make it. What's the distribution plans? And don't forget: Wishing and Hoping are not business plans!