1. Yep, this bike is low end/entry level. Going to be very heavy.
2. Although the frame paint looks great, this bike needs work, a lot of work. And the frame has some scrapes on it, so the paint is not perfect. And look at the rusty rear derailleur (seller conveniently cropped the picture, I don't trust this guy). Needs tires, cables, bearings and grease.
3. Cheap components, steel rims, cottered crank, looks cool. You decide.