from what you posted, looks like a budget build car that although won't be a high HP car, should be a fun car, assuming it was assembled properly. You don't know what compression the engine is or what type of pistons, rings, bearing, etc. Who built the engine, If a professional, there should be a build sheet and receipts, As the motor only has a few hundred miles on it, did the owner tell you what oil he put in it and if he did the initial oil change? Regardless, I would be changing the oil to whatever you plan on running in it going forward along with an FL1A or Wix filter, I would also cut open the existing filter to examine it for any signs of metal. I would also go over every nut and bolt possible on the motor and make sure they are all properly torqued. as they can loosen during the first heat cycles and miles. I would also check the coolant to make sure it is properly filled and no signs of any mechanical issues. Since it is a carb, you should also recheck the idle, fast idle, and mixture settings. Last, pull the plugs and see how they look.