Space permitting, I'm firmly in the camp of the Harbor Freight 34706 as a first lathe. (Try a search on 34706, we've had this very discussion many times before
Its not perfect, but gives you quite a lot to get started with.
The gotcha with a midi/mini lathe is you can outgrow it quickly. Many folks keep the midi as a dedicated pen lathe.
Brad,
+1 for the Harbor Freight lathe it was my first, I enjoyed turning so much I upgraded to a Jet. I sold mine on CL and didn't lose much. The one in my link is not the one I had first, it's a 5 speed, and a close clone to my Jet lathe. Jim
I purchased one off of Craigslist about 3 years or so ago for $125. It has run pretty well for me. I am certainly not into the heavy work that Earl amazes us with though.
I would certainly recoomend it as a starter unit if you should spot a used one.
I have no first hand opinion so I should keep my mouth/fingers shut. But.. Looking at the specs here http://www.grizzly.com/products/G9247 1st the note: discontinued…maybe they are closing them out 2nd Motor 1/4hp 2.6amps Think you may have a problem with most items over 6” diameter in stopping the lathe with a minor catch. Motor speeds 300-4750? Be nice to see one, is there much torque at slow speeds? 3rd Tapers. 1MT while accessories are available, 2MT is more the standard even with mini lathes. 4th Spindle: I think the 1X8, which many have, allows you much more freedom for off-the-shelf items. That said, it is in the Pen Making Items of the catalog, not the Lathe section. For pens and bottle stoppers it is probably fine.