Congratulations on aquiring a minilathe.
I would warn you against buying cheap brazed carbide tooling. My initial experiences with my minilathe were not good-see here:
Initial experiences. - mikesworkshop
Two very useful initial mods are a carriage lock and adding a camlock to the tailstock:
Carriage lock - mikesworkshop
Tailstock modifications - mikesworkshop
You will find many other modifications on my site.
I also suggest you look at
GadgetBuilder's MiniLathe Site and mini-lathe.com home page