Originally posted by EssJayEff Just for grins, I went to KEH and looked to see what the offer for $100. The only match is a 6.1 MP K110D for $92. A K-5 is $196—and that's at the very low-end "Bargain" condition rating. So yes, you'll need to up your budget.
Below is an image off an istD. It did well for me, though it was pretty slow to write files and had a slow buffer, even for the day, and like all cameras from that era, high ISO was not very good. The 6mp sensors are very capable of giving nice results, and if the OP is using a recent version of Photoshop, the files can be successfully enhanced (that's the Adobe term) up to 24mp if a larger file is required. The biggest problem now with cameras of that era will be finding memory cards that will play in the same sandbox as the camera.
The OP has been a little vague about what sort of portraiture he is doing, so I am speaking to studio photography specifically where tonal rendering is more important than other features and lighting is more important than anything. I really liked, and still like, the skin tone rendering of the earlier cameras. With the K5, Pentax seemed to go a bit more mainstream, and some of the niceness that they had with skin tones was lost.
At the studio, we had Nikon, Canon and Pentax cameras in use, and we all found the Pentax files were easier to edit and gave nicer results. We considered the K5 to be the great equalizer, as suddenly the Canon and Nikon files looked just as good as the Pentax ones.
The later cameras are very good, but to me, the earlier cameras were better at reproducing nice skin tones, and this opinion was shared by the other photographers I worked with.
One thing new portraitists get too hung up on is cameras and lenses when they should be paying attention to lighting equipment if they are working in a studio. Battery powered speedlights on inexpensive umbrellas and stands are OK for living room studios, but they won't stand up to day to day use. OTOH, dedicated studio lights and stands can be expensive and as I am now finding, are on the large size for the living room studio, which is what I am shooting in these days.