Thanks for all the encouragement guys. I will be spending the day with Bonnie Klein tomorrow (
http://www.bonnieklein.com) who is in Chicago demonstrating and teaching. I found a local guy who happened to be moving and selling his tools. He gave me a stack of books on woodturning and sold me a dozen tools for the price of one good one. Since it was only $40 I did buy that Craftsman lathe I posted above knowing that it is too big for my apartment (with no garage!). I will hide it in the hall closet for as long as I can keep it out of the way and use the motor on a Klein micro lathe. I think the tamper for my next machine is going to cost me right around $449

I better sell something else to pay for this. I wish that there was a replacement tube for that lathe so I could reduce it from a 36" to a 12".
Years ago when I was in the military we had a great wood shop on base. I used every tool in there other than the lathe. I think I was afraid of it. From the conversations I have had over the past couple of days and the videos I have seen I can't see why I was afraid, a little respect towards the tool should be sufficient.
I think my first project might be a replacement for the tamper bolted onto the side of my Super Jolly. I think the one screwed on there is a 53mm, I might make one for my Caravel.
Again, thanks guys and have a good one.