+1 on the training.
If for nothing else than the proper use, application, and care of the machine and the tools used.
Not to mention safety.
Look up pictures of machine shop accidents.
(you might not want to unless you can handle missing fingers, chunks of flesh, and general mangling of human flesh)
I have known a few machinists that have accidentally:
Cut off fingers(in a plethora of ways on mills, lathes, keyway cutter, gear hobbing machine)
Wrapped arm around a 4" drill bit (resulting in 6 or 7 breaks, got to watch that one

)
pressed arm into a meat wafer resulting in a nub of an arm.
removed clothing and chest hairs(on lathes)
had clumps of hair removed (on a mill, chick had waist length hair, pulled 1/4 of it out, along with the scalp)
And thats just a few to mention.
Really good (careful) machinists(or lucky ones) retire without major incidents.
Cocky machinists, and those who take on more than they know how to do tend to die or get maimed seriously.
If you get one.... PLEASE be careful.
Reading about motorcycle accidents here is more than enough.
You want some stuff machined?
Get to know a retired machinist that has machines, or a working machinist with machines at home(or a machine shop owner) and bribe him...
Often and frequently

The few guys I know with home shops don't make much money with their home shop.
But they are willing to do the oddball stuff most big shops would either overcharge for or will not do.
Seriously though, $3000 will go a LONG way when you are in with a good machinist with a home shop.
$3000 will BARELY set you up with a good lathe, tooling, and the wiring needed.
l8r