The Nut in the Cellar
My first shop was 12'x12' and there was no budget for a jointer either. The hardwood store where I buy my project wood sells R1E S2S stock, so I went for years without either a jointer, nor a planer. I have a 24T glue rip blade for my table saw and ended up not really needing a jointer. I do have a benchtop planer now mounted on a rolling cabinet, but used the millwork services of the hardwood store if I needed something less than 3/4" thick before I got the planer. It doesn't cost much to have them run a few pieces for thin stock. I have a benchtop 6" jointer, but I use it very little, only to shave a few thou. off of an edge.