I've been tempting moving back to Texas. Moved to PDX area back in March to be close to family, but PDX is no longer the place I remembered 10 years ago.
Back to your original question, a couple of people over at lateral-g.net (muscle car site) have used this set up from Harbor Freight with success.
Amazing deals on this Compressed Air Dryer at Harbor Freight. Quality tools & low prices.
www.harborfreight.com
The initial cost maybe high, but once you factor in the time to assemble the pipes, it may become a wash.