Looks to be an approved Drifter with full dual controls, so yes you can learn in it (you can also put it 'on line' and have it earn it's keep).
You WILL have to keep it 'under cover' at least, a hangar would be better.
Drifter's are fairly easy to maintain, everything is out in the open, it is a two stroke so you will need to become aware of their operating requirements.
That said, the advert does say the engine has done 865 hours(?) which would preclude it from being used in a school, as these engines only have a certified life of 300 hours.
The use 'on condition' system is still a bit vague, but I dare say you will still be able to be taught in it, providing the instructor is willing to fly it.
A replacement engine will set you back around the $7~8k range, but if the original motor is running OK, you could sell it for around $1~1.5k.
$19900 isn't too bad, although with those engine hours, even with aircraft fitted out as well as it is, $18k is probably closer to the mark...