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I have a $250 Habor Freight mig 120 VAC welder, and it works just fine for the stuff I do. For major welding on structural pieces, I would farm out to a seasoned welder anyway. It's good enough to weld all the sheet metal on a 911. A 1 hour bottle last long enough, and it's $23 to refill at my local BOC Gas, I bought a bottle initially for $80 + $100 or so for the dual regulator to go on the bottle.
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