Welcome to the hobby!
Find a local Model Engineering Club and join.
When we are able to meet again, you will be in the company of fellow enthusiasts and able to get bface tom face advice, hands on guidance and possibly demonstrations.
This will supplement the advice available on here on almost everything under the sun!
As a complete newbie, some reading would be time and money well spent.
A set of Zeus Charts. Contains useful data. Still using mine, bought in late 1958!
L.H.Sparey "The Amateur's Lathe" Old, mainly aimed at the Myford ML7 user, but the basic principles are the same.
Ian Bradley "The Amateur's Workshop" More general approach, but gives detail of how to align a lathe to remove twist from the bed (Something that Sparey omits, strangely )
Important if the lathe is to cut parallel.
Do not rush into model making, too early. Learning the techniques will be cheaper if you make a mistake whilst making some simple tool, such as a Centre Height Gauge, or Tailstock Die Holder.
(I prefer the type that slides on an arbor, to minimise load on the newly cut thread. )
You will probably work almost exclusively in Metric, so Drills, and eventually Taps and Dies will be Metric.
You can expand, later, if the need for other threads becomes apparent.
You do not want to learn the hard way by ruining an expensive casting from a kit!
As a beginner, you will learn more about tooling by buying a Bench Grinder and using High Speed Steel.
As time goes on, you will find a need for a 4 Jaw independent chuck. This will lead to the need for Dial Test Indicators and a magnetic base.
Make haste slowly, learn the basics and apply them, so that the machine and techniques become familiar.
As you gain experience and confidence, the range of things that you do, and make will expand. One day you will look back and realise that you are doing things that never thought possible when you started the journey.
Model engineers produce some fantastic work, as they gain experience.
LOTS of enjoyment stretches ahead!
Howard