By "Tight budget" , do you mean hundreds, or ??
The tenor guitar conversion has been discussed several times of course, and several have come up for sale here too. Many of these seem a little more expensive than I would expect from the quality of the original guitar (eg, like old Harmonies and Kays), but then again someone else has done the work and you have a finished conversion.
I converted - still in the process, actually - a Harmony archtop tenor guitar to an OM. That's pretty low budget. It has a ~22 1/2" scale. I have also seen one or two examples of a converted 6-string archtop, with the neck shaved down to a narrower OM-like width. For a couple hundred dollars, a bridge and some tuners, you could probably have something usable, at least until your budget loosens.
Jeff Rohrbough
"Listen louder, play softer"
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