Cheers Mike. I'm in the same boat as you. Just one small step ahead.
In the past when I occasionally needed the service, I sent things out to be done by a professional. I'm just not willing or interested in spraying toxic, explosive finishes. That's just me. But my go-to guy has stopped accepting orders because he has an 18-month backlog and there just aren't any other good options within a reasonable distance. And my business has picked up substantially so I've decided to start working in-house.
A personal choice I made was to only spray water borne finishes, and as I've found out, there are actually some really good choices with full burn in. For a good basic overview and discussion of spraying and spray finishes, the blog at solowoodworker.com is a great starting resource (for many things, actually).
Also, Jim Becker mentioned Homestead Finishing Products, another great resource. I actually ended up ordering my equipment through them since they pre-test everything that goes out the door (can I say that here?) and Jeff Jewitt is the man when it comes to finishing. He was very helpful.
I ended up biting the bullet and ordering a 5-stage HVLP set up. Not cheap. But I figure I'm either doing this right or not at all, and I want the greatest flexibility over time with the least hassle. I also got two guns since one of the coatings I'll be spraying has silicon in it - a potential nightmare for contamination for any other finish, or so I'm told - but I'll be spraying that stuff in a tent outside my shop. The equipment came last week. That was the easy part.
Don't ask me how I know that!