Cody- Breath deeply young man. That's the smell of freedom!
Kidding, don't actually breath it any more than you have to. Your bike will never produce enough fumes to blow your house up, just sitting there. Gas can be dangerous, but as long as you don't have any leaks, and you don't actually apply flame to your bike, you're good to go. (The exhaust will kill you if you're in an enclosed space for enough time)
The air filter is on one side of your carb, the engine is on the other side.
Try to get some pics on here, it's helpful and we all like to see each others projects.
Good luck!