Initiation to the world of Vinyl

[audio amateur]

This is my first thread in the Analog section so please be gentle

I managed to get a TT off a friend last year and I'm hoping to give it life in the near future. I believe it came part of a complete seperates system (Toshiba) in the late 80's. I also have the pre-amp and amp but gave those to another buddy. Anyway, the TT is a Toshiba SR-F330, and here are a couple pictures.




Does this look pretty bad or is it going to give me half decent sound? I don't have a phono stage so i'll need recommendations for a cheap one.
I have never setup a TT so i haven't a clue how to do so. Can you stear me towards some good instructions for that? I know Im not the first one to ask and Im not expecting you guys to write it out for me. Also, Im not 100% familiar with the terms used concerning the different parts of a TT, so another guide on that would be good.
Thanks!

Oh. I got some tasty Vinly for Christmas, too!