Last week, me and my friends decided to be complete idiots and pierce ourselves. I wanted my septum done so I did mine and I was the only one whose piercing was successful. ( i don't recommend doing it by yourself at all )
After pushing the ring finally through I noticed there was some blood but i cleaned it off with sea salt and water. The best thing to clean it is a contact cleanser as long as it contains saline in it. Anyways, since I would be murdered if my parents noticed the ring i had i was so nervous about it swelling. To my surprise there was barely any swelling and the tiny bit that was swelled is gone.
All you have to do is make sure you keep it clean and it should be fine. Plus you can flip the ring up in your nose and its completely hidden.
oh and to your additional info:
you dont even have to take it out. all you have to do is take the ring and pushh the ends of it towards the back for your nose.
http://www.youtube.com/watch?v=3dSfunDKcI4
im not sure how long you should keep it out for because it could take anywhere from two to eight weeks to heal and its a ***** to get a ring back in even after having it out for an hour. and to the answer above me ^ ive never had a randomly bleed from it and even if it did bleed, there wouldnt be much blood because its a 14 gage hole and its really small.