Find and nice winding road and enjoy driving it!
If it seems to "run fine" you could do nothing but where its the fun in that?
If you don't get any information from your friend that sold it to you, I'd replace the coolant, oil and filter, spark plugs.
I'd also take a really good look at all the vacuum lines.
As for discovering the exhaust leak, a shop-vac or leaf blower in the tail pipe while you are spraying soapy water on a COLD exhaust will make the leak bubble up pretty fast.
Then it's a matter of start buying tools