Missouriboy, you'd better do some number crunching before you drop $60k on a mill. Sounds like you live somewhere between TimberKing and Baker. The TK 2400 is good-size, and the Baker Blue Streak (I believe they now call it a "Dominator") is some pretty serious iron. Cook, WoodMizer, and LogMaster have big mills, too. Think about spending another $40k on log handling equipment, trucks, and a mill shed. Another $10k for an edger. Another $40k to live on while you're building the company, another $40k per year for help. An accountant, taxes, and insurance will drain off another $12k per year. Oh, yeh, interest on the loan will set you back another $20k per year.
Sometimes you can get a good deal at an auction, or sawmillexchange.com. Look for a good deal on a mill that has the features you need, rather than a particular manufacture.
I'm using a Norwood pro MX34. It is manual with hydraulic upgrades. I figure if I can make enough money to afford an upgrade, one at a time, I'll build the mill and the business as the market allows, and stay out of debt. If my market demands longer logs, I'll buy track extensions. If I need to work with big logs, I'll add a hydraulic log turner, and so on. Keep us posted on what you decide!
