Alright. Total newb, looking for info to get started...
I'll still suggest downloading the Mach3 program, and having a look at it. I don't use it, but I do know a few that do, and they are pretty happy with it. One of my friends in Edmonton bought a Shizoku CNC mill (ebay), he and another friend retrofitted it and made some pretty good money with it making among other things, glass bead molds, lots of compound curves and the like, in various materials, running Mach3 as the control software and CAM.
The Mach3 site has a good forum, lots of user base, and has lots of different stuff to add to the basic program if you so desire. Well worth a look.
There are several companies that make sets of equipment that are pretty much square aimed at the entry level guy, or the hobbyist that wants to tinker with the stuff. There are several companies making conversion kits for the Seig X2/X3/X4 seris mills, too, so buying one of them as a manual machine does not exclude the possibility of getting in to CNC later.
Lots of very good condition iron out there to retrofit, if you want that as a hobby, but it does help to understand how to tell the difference between a good candidate and a poor one.
Dig around the web for 3 Axis retrofit kits and you will see that there are a lot of choices, ranging from essentially a regular computer with a set of very small stepper motors, right up to complete honest-to-god full capability industrial grade retrofit kits that will quite happily eat that $10K plus a bunch more.
If you want to see what is near you, use SearchTempest and see what there is in a radius around you on craigslist. You can search whole provinces at a time on Kijiji. Look at what actually sold, on ebay, rather than the prices the stuff is listed at.
There are some deals to be had on industrial machinery, but you need to be lucky, persistent, and willing to deal with all manner of possible problems, not the least of which, is getting the iron home and powered up. If you are just looking for a machine to make the odd gun part on, maybe stick to manual machinery at first.
Oh. It's as bad a hobby as any, for sucking the wallet dry. As you gain experience, you will start banging your head against the limitations of your machine, and usually, you will want/need a bigger/faster/more reliable etc.one. Keep an open mind and be willing to trade up if you gotta.
Lots of cool projects have been made on Sherline and Taig machinery. Some quite huge for the size of the machines. But they really are lightweights, and like as not, they will not perform near the way you might think the should.
One guy I know in Edmonton has been building model turbine engines with his Taig (IIRC) CNC, and he used to bring parts in that were amazing, but the run times for them were incredibly long, some in multiple days length. They can do it, but it ain't gonna be fast.
Cheers
Trev