PFactor? I'm not Pfactor hehe
But I am!

My advice to the OP is, be sure to follow the instructions to properly break the engine in with a rich fuel mixture. Then find somebody in your area that can teach you to fly it. Sounds like your friend Keith is probably experienced, make sure you wait til he has the time to help you out. Many a toothpick has been made by new flyers getting impatient and trying to "go it alone" the first time. That first flight can be especially hairy since the plane may be wildly out of trim. A good trainer will give the plane a good once over twice to spot any potential problems (like a reversed aileron servo) etc.
I also think you should join the AMA, it's pretty cheap and can really save your bacon if something goes horribly wrong.
By the way, that'll be a good trainer.

ALSO: I personally don't like wood props on trainers. I like the nylon props, they stand up to nose in landings a bit better. You need to make sure the prop is balanced too.