Re: 2.3 cobra
Could be a lot of things.
Carb accelerator pump, water in fuel, does it die when you give it gas or first put it into gear (ie. will it idle in gear?).
May also just be in need of a tuneup,
Since it's new to you, if you have no records of when anything was done, you need to go thru everything so you have a base of where to start on anything. Full tuneup, oil change, all filters, gear lube change, impeller change, pull the drive and check the bellows, ujoints, gimbal bearing, alignment, etc. just to name a FEW of the things.
You are also going to need the OEM service manuals for your engine and drive.