Yes, you can use
now that at the beginning of a sentence.
You may also use it in the middle and at the end of a sentence.
It's main position seems to be at the beginning of sentences.
This link has some examples:
http://www.use-in-a-sentence.com/englis ... w-that.htm
[
YOUR SENTENCES
Joey decides to buy a house now that he is bringing
in big bucks from the movie but can he convince the owner of the house that he should get it?
Should I separate it into two sentences?
I think it looks OK. However, I would place a comma before but.
Joey decides to buy a house. Now that he is bringing
in big bucks from the movie but can he convince the owner of the house that he should get it?
Again, use a comma before but.