Welcome to Mud and the 80 series community. Congrats on scoring a heck of a deal on that rig. I'm also a newbie, so I'm not going to try to give you expert advice, but I can tell you what I've learned in the six months or so since I acquired my 80 series.
Mine came "built" - with a 5" lift already on it, and all the supporting mods that most people would recommend. (Radius Arm drop brackets, Extended brake lines, swaybar drop brackets, Double Cardan Driveshafts, etc.) There are many ways to do a proper lift, and if you want to get into more detail about the required and recommended parts I would suggest looking at what is listed on certain retailer's websites for a "complete" 2.5"-3.0" Lift Kit. Here's an example, but not necessarily saying this is the way to go - just look at the options they list and you'll get an idea of what all people normally add when lifting an 80:
Dobinsons 0-3" IMS Lift Kit for Toyota Land Cruiser 80 Series - Exit Offroad - https://exitoffroad.com/product/dobinsons-0-3-5-ims-lift-kit-for-toyota-land-cruiser-80-series/
One thing you'll probably find is that one man's 2.5" lift kit may in reality, end up being a 3.0, 3.5, or even higher lift - especially if the rig is light. For that reason, I don't know that you necessarily need to look at 4" or higher lifts. I think you get more lift than advertised with a lot of the kits out there.
I know that was true in my case. My rig came with Old Man Emu "J" Springs (2850J front, 2863J rear), which are known to provide somewhat more lift than advertised, as well as 2" coil spring spacers up front and 1" spacers in the rear. It rode like a drunken polar bear balancing on an ice ball. Consequently, one of the first things I did was lower the vehicle a little by removing the spacers. After removing the spacers, I would say I am sitting at somewhere between a 3.5" and 4" lift right now. That's still a pretty good amount of lift, and I only have 35" tires, so they do look a little small. But I've done some moderate to mildly challenging trails, and it did just fine on the 35's. So I can concur with those who say that 35's are likely to be more than adequate for most general trail use. There are some trails with fairly large rocks and drop offs in my area, so a little more clearance would be nice - but not a must have. I am thinking about going up to 37's, since my rig is basically all set up for it. The fender flares have been removed, and the fenders have been trimmed. But even with all that's been done to make it possible to run 37's, I believe there could still be more that would be worthwhile - such as making sure the braking system is up to par, and replacing bushings, etc.
I'll also put in a recommendation for considering some gearing changes if your goal is to wheel your 80. Either the low range transfer case gears or swapping in shorter (numerically higher) differential gears would be a good idea. I have 4.88 diff gears. It seems to help get the rig moving a little better from a dead stop on the street, and i don't mind turning a little higher RPM on the highway. I have other rigs with shorter gearing, so I'm used to it. But I'd actually like to do the low range transfer case gears and underdrive gears as well.
Hope that helps.