Do yourself a favor, and buy a few books to start off.
I will give unreserved recommendations for a copy of South Bend Lathes book, How to Run a Lathe. Expect to spend $20 or so. Buy a reprint, rather than an original, as the guys selling originals seem to think 50 years of dogged pages and fingerprints are worth more than new. The info is the same from the 1930's editions to the last edition printed, except maybe for the loss of info on line-shaft set-ups. Lee Valley used to sell a copy. Don't think they do any more. It can be downloaded from a couple places like here
http://www.wswells.com/index.html two versions available. Disk space is cheap. So are real books, and they work without electricity.
The second book is a High School/college grade level textbook, often used for shop classes, called Technology of Machine Tools, by Krar. Buy an older used copy. the tech level from the 40's through the 60's is way closer to what you need to know in the shop to get started. The used versions are great books, the new ones have some more current tech covered, CNC, mainly. But they still cover stuff like tool angles, threading, the math involved, etc, pretty damn well. New, about $75 or so, used, much less. Check out Amazon and Abe Books.
Don't bother with Machinery's Handbook unless you can get a copy for under $20. All the data in there is, is the mother of all wall charts, in book form. If you have internet, you can look up anything you can have need for that you will find there, plus some. That said, most of the stuff that you will want to be dealing with, again, is older tech. You probably won't need optimum fed rates for PCD tooling to cut carbon fiber in production settings, so, buy an older edition for less, and get good info still.
Busy Bee sell a couple different machining books that are pretty good, some others that are OK, and a few that are pretty poor.
Good. The Amateur's Workshop, by Sparey, Workholding in the Lathe, and Milling in the Lathe, by Tubal Cain. There are a few others.
Screwcutting in the Lathe, in the same Workshop Practice series, is one you can afford to skip, IMO, as the data is pretty much well covered in other places. Most of the info in the book is charts showing how to cut given threads with different pitch lead screws, which is certainly good to have if the oddball pitch matches one on YOUR machine, but... Anyway, look it over before you drop your money. I wouldn't.
If you make a habit of hitting the used book stores when you are in the city, you can usually build a pretty decent library. Cheap, too.
Get onto the Lindsay Publications site and see about ordering a catalog. Along with the great reprints of metalworking books, they have a few years worth of good general interest reading in there, if you want to broaden your horizons into other practical applications of old school tech.
Oh yeah. Welcome to the disease!

Expect to end up with a fair assortment of tools and tooling to go with the lathe. The usual recommendation is that you need about the cost of the machine in tooling, to be able to do all the things that the machine tool is capable of, but for getting started, you can get by with the basics and build on them as needed.
Oh yeah. Home Shop Machinist magazine is worth a subscription too. Aside from project ideas, some gun related even, they carry advertising from a large amount of the dealers that actually are willing to deal with small time hobby guys. It'll give you a bunch of places to check out, and it's always interesting to see how other guys shops are set up.
KBC Tools will send you a catalog as well. Worth calling them for.
Cheers
Trev