I just want to thank you all for your input/suggestions.
Right now I'm looking at what's out there before I jump and purchase one. Even if I got it now I wouldn't really start using it until March. With the holidays and build season coming up I won't have time to really work on the Mustang until then. Like I mentioned in my first post I was looking between the Hobarts but I'm planning on going to a local welding supply store this weekend and seeing what they offer and possibly compare the Hobart, Miller, and Lincolns-depending on what they carry. I will not buy a "no name" welder though (as with any major tool expense). After reading your responses I'm definitely going to get the gas shielding. I'm still leaning towards a 110v model.
As for the suggestion of using the dryer outlet if I get a 230v model, it was an excellent idea but it won't work in my situation. The clothes dryer is located 1 floor up and on the opposite end of the house than the garage. The house is a Colonial and when they built it they decided it was best to put the laundry room off of the kitchen (makes sense). I should've mentioned this before but the service panel box is located in the corner of the garage. Much easier than running a 100' cord through the house or out a window to the (attached) garage.