Kevin,
I was a going to get a mill also down the road. I did look at the both on CL but just didn't find anything affordable as mills go. Maybe you're right, I should put the lathe on hold and look for a mill first. Thank you for your suggestions.
Personally, I'd class a lathe as preferable to a mill for general use. If I had the option between a mill and a lathe as my first machine, it would be the lathe hands down. A mill is something to aim for if desired, but not a necessity. Most of what you're likely wanting to do will generally be manageable on a lathe, somehow.
Regarding buying a machine, unless you go for new you'll always, realistically, have wear issues to consider. IMHO however, there's not really such a thing as a bad lathe. As with anything, when you start using something you'll come to find what limitations each machine may have, what you personally need from a machine etc., but that's the nature of the beast. Unless you're starting off with a specific need in mind, or need to work to stupidly tight tolerances, (which most don't, might I add), then any machine technically becomes a good starter machine, provided the general condition is sound. Plus, if a machine ain't great to start with, you don't feel gutted if you damage it slightly due to learning something you shouldn't do, the hard way.
Also, starting with a recalcitrant or limited capabilities machine can be good in that it makes you pay far more attention to things like technique, keeping your tooling sharp, adapting to work around wear and limitations etc. You move onto something better later on, and you always have those basics helping you use the machine to the best of its abilities. Someone who learns on a top spec, pristine machine, however, can be in a right puddle if they ever need to work with a machine which is less than stellar.
At the end of the day, any tool is exactly that, a tool. How capable, adept and proficient you are is the main factor. If you see something you like and can afford it, I'd say give it a shot. If you pay a realistic price, you should have little trouble recouping most if not all of what you spent on it if you ever decide to change. Tooling is always the one thing I like to see with a machine. That alone can be worth more than you'll pay for a machine, and getting some chucked in with a lathe or such is a good way to build up your collection cheaply. Tooling can generally be kept and used on different machines.