Of the 7 original machine tools,the shaper and I believe the planer have been dropped/circumvented.But a drill press is still one of the 5.
Gonna raise eyebrows because "Bridgeport" fanboys can't stand them....but a used asian milldrill can be had pretty reasonable.Then,when outgrowned,sell it for what you paid for it....keep the R8 tooling,get a Bridgeport.Personally,I'd keep the M/D and use it for wood and composite duty.
Do research on lathes.I believe it's Tony's lathe site out of the UK?His mission is to supply data and specs on prolly 90%+ of all lathes built on a production scale.Might not have some of the smaller,newer bench models.
Location,location.....realestate folks think they coined the phrase.Nope,it's about tooling up,dating back to water power,and the industrial build up.So Todd,the deals on used equipment are out there,but where is "there".If you were around here I'd loan you a DP(drill press).
A little research,then keep a sharp eye out,find a pce....who knows,you make a friend or better yet,a mentor that'll show you a good foundation.
Lathe tooling isn't "that" bad,I think the milling machine tooling is worse?Good luck with the wife....mine pretty much gave up?She will come steal anything that catches her eye doing recons in our shop.Can't say anything,which she knows....it's checkmate for her,I have to just shut up and take the abuse,haha.