I don't have time to get too involved in this right now.
I will say that you will need a MINIMUM of $1500 in tooling and accessories just to start, a more realistic number would be $2500.
It is a difficult start-up on a limited budget, better stick to the small/hobby sized machines to try and meet your budget. Hopefully with that you can manage to get some work through to make same money.
This will allow you to figure out your market and decide the best type of machine/tooling that will suit your needs.
Happy trails
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