There is nothing wrong with that set all, with this stipulation. It is entry level gear, designed to be used as rental gear for dive shops and resorts. It will serve you will starting out, but if you dive regularly, you’ll want to upgrade soon (In my opinion).
I would save my money and look at investing in higher quality gear in the future. Even if you buy just a BC (you can get a high quality BC for $599 or less), or just a reg set, initially and have to rent the other one while you save up to make the second purchase I think you’ll be happier in the long run.
If you just want to have your own gear starting out then this will certainly meet your needs to get you underwater.