We'll it's not "plunking" down $7k. You should fly multi and be current in it while applying to all companies you would possibly work for. You'll find that by the time you get an interview you will have competitive m.e. time for the job you interview at. It may be next week or next year. Don't worry about applying to places you're not qualified for, just do it. Go on every interview you can land, and decide AFTER they offer you the job. You won't find many pilots applying to just one airline regardless of qualifications.

Just my opinion of "quality" regionals. If they fly jets, that's good enough. How long do you plan on working there? I'd take a quick upgrade in a jet over better F.O. payscales at a "quality" company.

Is MEI an option for you? Once you hit 3,000 hours, or 4,000 with still only 40 m.e. you will not be any closer to advancing your career to a decent airline, 135, or corporate job.