you could really buy both a lath and a mill for about $1000 but all the extra's that you need will cost you ie. mill vise, end mills, parallels rounding bit........... and thats just for the mill.
Yeah, I'm going for a CNC mill though, not any options under 1k. I made a wishlist of a CNC Taig + Decent Tooling and such for 3k, just have to scrounge up some money and I'll put in an order. This project probably won't get much love until I can figure everything out though, much to learn about CAM and machining for me!