Pistol Whipped,
You don't need a class three license to own full auto weapons. You can purchase a full auto through a corporation or a trust, which is the latest craze, (that is assuming you don't live in a lib machine gun prohibited state)
A fully transferrable West Hurley Auto Ordnance 1928 select fire Thompson can be had for a little over $10K, not cheap, (considering I bought my example for $1,200!) but still reachable for most folks. Not a Colt, but adequate fun for most people.
Fully transferrable MG34 and 42s are up in the low $30Ks, which is high by my standards at least.
S&W Model 76s, MACs, Stens, converted FNCs, M2 Carbines, UZIs and others are all around the $6K area or under.
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