Learning to set up a guitar/bass is highly valuable. Just practice. You won't ruin anything as long as you don't go way too tight on the truss rod
Step 0: Buy this tool:
https://www.amazon.com/String-Actio...ocphy=9031012&hvtargid=pla-568730803100&psc=1
Stew Mac sells one for about $22. I normally like to buy the original and not the cheap knockoff. In this case, I did originally buy the
Stew Mac version, and I lost it, so I bought this cheaper one. Of course I later found the Stew Mac one, but I actually like the Amazon one better. It's easier to read, and has a nice reference table on the back. But I digress.
edited to insert Step 0.5: Check if your frets are level. Hopefully they'll be good on a new Warmoth neck.
Step 1: Neck Relief. This is set with the truss rod and it controls the bow of the neck. It is not meant to control string action (it does, but that's a side effect, not the main purpose). I set my relief by stringing up the guitar to tension, put capo on the first fret, push down on the 12th fret, and then use this card to measure mystring height above the 7th fret. I'm looking for about 0.015" clearance above the 7th fret. YMMV. This way we are just measuring the bow of the neck and it totally eliminates any effect of the nut or bridge height.
Step 2: Nut height. This is one that's often overlooked by people. Do each string one by one. Press down a string at the 2nd fret. You're looking for a small gap at the 1st fret of less than 0.01" (paper thin). If the gap is bigger you can file down the nut slot for that string, and if the string touches the 1st fret then your nut is too low and open strings might buzz. Another way to see this is to hold down a string on the 3rd fret and tap on the 2nd fret with the other hand - that can help you see the size of the gap at the first fret. (The order of this step actually doesn't matter in relation to the others. You probably only have to adjust the nut height once for the guitar).
Step 3: Bridge Height. Here's where you want to adjust the action. Like I said in step 1, the action will change as a byproduct of adjusting relief, so always check your relief before setting up your bridge.
Step 4: Intonation. Do this last, as it most likely won't adjust the others. If you have to move the saddles a lot, you might have to repeat steps 3 and 4 again. But probably only upon the initial setup when you're building.