Hey Tharos.
You can go out to vbulletin.com to see all kinds of pricing. I believe I bought mine for a year for about 170/year or approx. 15/mo (don't quote me there, it may have changed)
There is not a free version
Once you have a license, you can cruise there or here as much as you like and take advantage of the community.
As far as having it a "paying" board, its pretty easy to set up. The problem is getting people to actually pay for whatever your board is about when they can normally find it free.
If you have an amazingly unique idea and a good fan base, its pretty easy to simply ask for donations. There are modifications that force payment to join or post but remember...that may kill traffic pretty severely.
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