Blackjack, checkout
http://www.harborfreight.com/cpi/cta...unction=Search
for $1300 you can fit a flywheel or 2 Cobra driveshafts in something like this. If you get this with free shipping it will cost you less than a well used lathe or bridgeport that is gonna cost a few bucks to move. Nice small footprint for a versatile machine. The quickchange toolpost kit is a must for something like this.
Good hunting.