Well, I'm not real expirienced myself, so take my advice for what its worth:wink:. I bought a badger 100sg airbrush from their garage sale, and bought a cheap harbor freight compressor. I havent used any higher end equipment, but I like my stuff pretty good.
I would highly recommend Createx airbrush paints. They come in the right consistency for airbrushing, no thinning required.
I'm not sure where you could find completely assembled wooden blanks, but jannsnetcraft.com has plastic blanks ready to paint and fish.
Hope that helps you out, and somebody else will probably add to my post!