I've had a lathe for a long time.

The one you bought looks like a good one.
You didn't mention a 3-jaw chuck, but it looks like the lathe comes with one.

An ok size as well.
No matter what size you have you'll have to get inventive in some areas.

An excellent book is Advanced Machine Work from Lindsay publications.
It's a reprint from the 30's which is about the technological age we're working in with our home workshop tools.
Most everything in it applies to what you'll be doing.
If you're tall you may want to think about raising the lathe up 6" or so, so that you're not leaning over it and getting a stiff neck or sore back.
I did that to my 12" x 36" lathe and it was a big help.

Learn to cut threads right away.
It's fun and educational.

Congrats....