Once again I'll say, if you can't afford a new LP, I would look at the used market. If you feel that a LP will inspire (and it will) than don't settle for anything less than an LP.
If you do, you will end up being in the same spot your in now, wanting a real LP, but out the money you spent on something else. You already know what you want, don't let anyone else convince you that you want something else.