I recently bought an Orlando 12 string for 25 dollars. My luthier looked at it and said that it wasn't the usual 12 string neck on a dreadnought body, it's actually braced for the extra tension. It has a zero fret and an adjustable bridge(both of which would not be my 1st choice), but strung with Lead Belly gauge strings and tuned down to B and it's a killer. It's a model 337. For under a C-note (if you figure in the cost of the setup and strings)it wasn't a bad deal, I figure.

Mark Ross