I have the same compressor, although differently branded. Before you start to work on a real project, I'd suggest getting in a few hours of spray time. My compressor ended up leaking quite badly where the regulator screws into the main compressor body after an hour or so of use. Teflon tape wasn't enough to get it sealed up tight, it took me a few tries. I also ended up re-sealing where the gauge screws into the regulator. Just a heads up, better to fix it early than when you're halfway though a real project. Since the re-sealing, it's been working great for me.
I also installed a fan on top of the cooling fins using a 3d printed bracket and a spare 12v power supply to help keep it cool, as I'd heard they can run a bit warm. I didn't notice that problem so much, but can't help tinkering. I can upload a pic if you'd like.
Get to practicing, it's fun!