Young Salt,
I bought the Badger 360 which is a Gravity Feed as well as a bottom feed. That cost $90. I had a 6 Gallon, 2 horse compresser already that I bought at Target. That was $99. Then I purchased the moisture filter at $18, paint at $3/bottle. For just over $200, you'll be all set.
They do sell hobby compressors but I'm not sure how much they go for. My compressor was for my cars but now pulls double duty.
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