1. there will only be book 1 master's in this book with the exception of the ten thunderer's
2. wave 1 will have this books models and stat cards wave 2 is supposed to be the rest of the malifaux line you can just buy the book and wait for the cards to be amalgamated into one box either that or yes you would have to buy a second wave when book 2 is released but that wont be for a bit wave 2 beta starts in like a month could also just get a couple arsenal sets and wait for the rest to be finished