Yes, Welcome to the Forum
But take note of what has been said. DON’T be overambitious!
There is a VAST fund of knowledge, experience and skill on here.
You have made a good first move by asking.
Taking on a locomotive, or any complicated project, without skill or experience, let alone equipment, is a recipe for at least one expensive disaster.
You might find yourself with expensive mistakes, no idea of how you made them, or how to correct, or prevent repeats.
Once you have decided what size of lathe you want / can afford (And the measuring equipment and ancillary tooling) and the space needed. Start by learning how to set it up and use it.
When you ask a question, make sure that you call things by the right name, otherwise you will get answers to a question that you didn’t ask, and possibly can’t understand.
A Turner used to serve a four year apprenticeship, so a month or two is not going to produce immediate skill in a beginner.
The first two things that I learned were that setting a cut on a lathe takes material off both sides, making it easy to remove twice as much as wanted, and then how to turn a handwheel slowly and steadily.
Join a model engineering club, and buy some books. (I can suggest titles, as no doubt can others)
You would have problems moving a 5″ centre height (10″ swing) lathe into a third floor flat (And the neighbours may object to any noise that you make!
Then start by just learning how to set up the lathe, grind tools, and just cut bits of mild steel to gain a little experience. You need to learn how to drill and tap holes. Going about it in the wrong way will be a very expensive method. Taps don’t bend, they break, and that ruins the workpiece.
Sorry to appear to be negative, but we all had to learn to stand before walking, let alone running.
One further bit of advice. Research your supplier before buying, some provide better after sales support than others. Some will offer a complete package, others a bare machine and then a range of accessories.
If buying second, or more, hand, take someone with you to examine the machine. Don’t be taken in by shiny paint, it may not show wear or other problems.
Tell us where you are located, there may be someone closeby whi is prepared to help and advise.
Howard
Howard