A couple of thoughts for your consideration:
Buying Chinese is a crap shoot, try it at your own risk of failure.
Buying Taiwan is usually O.K. since some of the 14x40s are really pretty good for the potential low mileage use you're talking about.
Buying a good used lathe can be a nightmare especially if it's been used for production. The wear can be prodigious and most amateurs don't have the faintest idea of how to check these lathes out for accuracy unless you bribe a good machinist to go with you.
Single phase can be O.K. but 3-phase is the best solution to power. Unfortunately, there are areas which don't allow 3-phase in your basement/garage so you have to run a converter which is expensive and a PIA.
There are some excellent companies that rebuild top quality lathes but their pricing can be a little daunting...

I waited out the rebuilders for a Hardinge HLV-H to be in my price range and condition. Then I found a super deal on a Rivett and finally a Monarch 10EE. These are all short beds except the Rivett. Be sure to check the diameter of the spindle hole through the headstock as some of these can be smaller than needed.
If you find something you're considering, ask here for some opinions.