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One option for a <1k lathe might be to check if there are any industrial surplus warehouses near you. By me there's HGR surplus, in Cleveland, and I've seen a number of nice lathes go by from there. On a different note, you might want to look into getting a milling adapter for whatever lathe you...

if the battery is still in the computer, take it out. any power into the thing risks corroding any exposed wires worse than the liquid alone. but thank God memory is almost waterproof.