Several thoughts:
1) You're going to have a lot of trouble finding a 30CFM compressor for $1,000 new. What I suggest you do is look for a used machine. A Quincy QR-25 would be my choice, but there are other options as well. 30 CFM is 10 HP of air. You might get lucky and find a 5HP single-phase duplex, which would be easy to run on a residential single-phase service. Otherwise, you'll likely have to buy a 10HP single-phase motor to retrofit a 10HP three-phase unit. The motor will cost close to $2,000 new list. Substantially less used.
2) If you're willing to spend a lot of time at it, you can sandblast with less. I sandblasted a Do-All V-36 with a cheap *** farm store pressure pot and a 3HP IR SS3L. I could blast about 5-7 minutes before the nozzle pressure got too low.
After a little wire wheeling to blend everything together it took paint fine:
3) Open sandblasting isn't fun or particularly healthy for your lungs. If you're not prepared to buy the supplied air system and sandblasting suit then you should consider outsourcing the work which will substantially reduce your compressor requirements.
I guess I don't have much experience with large scale sandblasting (OK, *NO* experience with large scale sandblasting), but 30cfm is an ungodly amount of air.
30 CFM isn't even on the nozzle table for a commercial sandblasting gun. 300 CFM to 600 CFM is mid-range in a commercial single-nozzle sandblasting rig.
That's 3-4 of these into one sandblasting nozzle:
Looking forward to getting the 5120 up and running though. 100 CFM is enough for now, but I'm planning room for 2-3 more.