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Record keeping consists of keeping a Firearms Acquisition and Disposition book, commonly called a bound book and costs $3 from Brownells (BTW, a C&R gets you a dealer's discount at Brownell's, too:)). That means you take 5 minutes and write down the specifics about the gun you just received (caliber, importer, from whom, action type, etc.)

You only have to put firearms that are on the C&R list if you acquired them after you got your C&R license. Any modern firearms and any obtained before you received your C&R are NOT put on the list.

You can buy directly from the wholesalers and typically save 50% to 75% off what a retail FFL dealer would want for a comparable gun.

For example here are some C&R prices,

Turk 1938 Mausers - $40 - $60, fair to good condition
Yugo M48 Mausers - $125, excellent
Russian/Polish/Romanian Mosin Nagant - $50 to $100, good to excellent
Polish T33 pistol - $125
Ballester Molina (.45 ACP) - $150
Yugo SKS - $100 to $150, very good to like new
Captured German K98's - $200, good to very good

Don't let people who don't know what the ---- they are talking about talk you out of it again. It will be the best $30 you ever spent.