Shawn,

Yep. I bought Lowe's house brand 7hp/60 gal compressor, and it works fine with my HVLP and with all my air tools. It's made by the same folks that Home Depot uses - same compressor.

I don't think there's any way you're going to find a 110V compressor with enough HP to run a HVLP gun or a couple of DAs. A decent compressor is going to take 220V. There's no free lunch.

Where's your breaker box? Mine's in the garage, and I have a gas clothes dryer and range, so there are a couple of extra 220 breakers. I just installed a 220v outlet next to my breaker box and connected to the unused electric dryer breaker.