The possible cause of the 500 error (if you are seeing it when you access Exchange Admin Center) may be the Oauth certificate was not published, which may take some time.
If Exchange Management Shell is working and you can get results from the cmdlet Get-ExchangeServer, you should have installed Exchange successfully.
I started adding another Exchange install. I thought it odd it kept telling me it could't find the default connector *.
This is a warning message that you can ignore and continue the installation.
It simply tells you do not have a send connector to send outbound messages to internet, which you can create later after you install Exchange.
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