The following is the story of a newbee to wood working, so take it as you may.
Want cheap nice wood to play with and learn with? Get a power thickness planer. I got very bored playing with chunks of pine and wanted to learn how to work with hardwoods. Chance came to save me at the local Habitat for Humanity Re-Store, which for those of you that don't know is like the love child between Home Depot and Goodwill, but more expensive. That day they were selling off all the junk that had been building up un their back lot. Low and behold there was a entire pallet of 3/4" x 2.5" white oak hard wood flooring that from the looks of it had been sitting out in the weather for about a year. So I buy it...for about $50. As it turns out there is about 400sf of flooring in a pallet of what I got about 1/4 will be firewood 1/4 will be new flooring for the atic and the rest is perfect for messing around with. The stuff on the outside of the pile took the brunt of the weather. But to really use this stuff I had to get a planer to take the ridges off the bottoms of the boards. So now that I have the planer I am looking for some more wood to turn into sawdust, so one day I am cruising CraigsList when I see an ad for rough cut red oak at 5$ a board. Turns out it's some old guy out in the country that is clearing out his shed, and he has had it stacked for drying for a few years. Me a a buddy go to pick it up and get about 14 boards ranging from about 4" to 10" in width. But both of us are suspicious that it is NOT red oak after we start driving away. Sure enough after I get home I put a chunk through the planer it turns out to be cherry! I'm pretty sure I have paid for my $200 Ryobi planer a few times over already.
Todd