Been using a setup like that for the last year. Bought a 7 gallon tank from Walmart for $20. Keeps up with a friends arb compressor. Only thing is, mine doesn't like to start with pressure on the pump. 60+ lbs and it will pop a fuse. I plumbed in a valve to get around this.
I ran a one way check valve also. Ya it does take some time to air up,they are 36" tires though.... but for a 60$ comp its worth it. One day i might go with a faster compressor or get a powertank for airing the tires up. To buy a quickair thats as fast its almost 200$