My wife inherited a Carcano, IMO They are JUNK! Odd but JUNK!
The safety is a real pain to operate, the action seems smooth until you add ammo, if you want to mount a scope it will be an bubba style side mount. One might be able to make a scout mount that would do better.
You will most likely want to change the barrel, but both the 6.5 and 7.35 use nonstandard bore sizes and re-barreling will cost more than the rifle is worth.
The only good news is
http://www.grafs.com/ has reloading components and dies and they should be good with boolits if the bore isn't too terrible.