98 Honda 300fw Rebuild—Need Advice

I bought a 98 Honda 300fw 4×4 through an auction to use around the farm. It has a quite a few things that need to be fixed front and rear brakes don’t work, choke lever broke, seat cover, battery cover and kick start cover missing, and when I took rear brakes apart I noticed the brake drum missing and the rear axle bearing is shot. I check air cleaner box, it was clean but the plastic tube underneath had dirt in it. I’m not sure if previous owner had plug recommended for winter in it but I got a different ngk plug that was recommended. I changed the oil using valvoline 10w-40 atv oil, and rebuilt the starter, I could only kick start it when it got it. The day after I changed oil I went to start it again and it smoke pretty bad and smelled bad too. Idk if it’s burning oil or bad gas, I got a carb rebuild kit on the way and figure I should do that before a top end rebuild. however, I’ve been looking at top end rebuild kits and was wondering if the kits made by namura are any good? Or should I go with OEM parts? also any other advice a common probs with 300fws would be great. thank you.