Chuck,
I started with a camera that had 20 or 21 inches of bellows draw. It worked fine for me for a number of years. I was doing landscapes and studio figure work. After about 5 years, I knew that the format was a good fit for me, so I bought a newer camera with much larger bellows draw, I think 34 inches.
The way your looking at getting into 8x10 is smart. I had some good advice given to me when I started in 8x10, "put you money into your glass. The wooden box, will be upgraded if/when you can afford it, but you don't want to have to buy your glass more then once."
Also remember smaller lenses can be used for close up work. I think View Camera just had an article about using smaller then normal lenses for close work in large formats.