Why do I suddenly think you already have the plastic tank and guppies you said you were planning to buy? Please do read all about the nitrogen cycle, if this is the case. As far as small tetras and guppies living together goes, they can live together, but it's not an ideal situation. As far as fin nipping goes, I find male guppies nip each others' fins a lot, anyway. The reason it's not ideal is because guppies prefer slightly hard, basic water and tetras like their water soft and acidic. However, both will easily adjust to neutral water.