MTRD3, Welcome. The very first thing every newb should do without question is either download or purchase a shop manual... thumb through it look at the pictures, and spot read...find things in the manual you expect to doing and give it a good once over pointing out where these parts should be on the bike, so you get comfortable with both the bike and the manual.
Put the manual down and take off the carbs, if you don't know how ,look it up . the manual is logical. Find and order a battery, 4 carb rebuild kits, 2 oil filters, plugs, points and condenser unless you want electronic, oil any brand because you will be dumping it out soon, I have found that oil filter nuts are usually buggered up from POs so I keep a new one on the shelf.
1/4 "drive metric socket set, 3/8" drive metric socket set w / 3", 2-6"extendtions , and metric gear wrenches up to 19mm, feeler gauge, impact and extra phillips bits, a dead blow hammer just to get started, you'll need more as you get into it.(this stuff is on sale everywhere this week).Penetrating oil, ( I like a propane torch sometimes) , a test light and multi meter for electric now.
Valve spring compressor, buffing machine, bike lift of some sort, sync gauges for later....
These are items to spout off if your Santa needs to know what you would like.
Go through the fuel system, inside the tank condition, fuel cock, carbs.
Electric: New battery, points ,plugs,timing... Clean any contacts that you come across everywhere on the bike, check fuses... Make it all work.
Engine change oil, filter , check valve clearances, adjust cam chain ... You could pull the pan if you are hunting for signs of wear and checking the condition of the primary drive chain, but you don't have to yet, unless you are interested.
Get it running to your satisfaction so you know what you have to work with , then take it apart and make it the machine it should be.
It should always be fun ...it may not be easy for your first time... ask questions here if you're stumped, but always take pics .