Have you done any spinning before? Rabbit fur is fairly difficult for a beginning spinner because the length of the hairs (called the "staple length") is much shorter, and the hairs are much finer than most sheep's wool.
However, if spinning rabbit wool is your goal, you should be able to get there with a little practice. My recommendation is that you check out the forums on Ravelry.com, particularly
http://www.ravelry.com/groups/beginning-spinning (You'll need an account to view the forum). That's how I learned to spin--some of the best spinners of our time are in there providing advice and guidance for free.
If I were you, I would look into drop spindles, or even supported spindles. A basic spindle is cheap (you can even make one yourself!), whereas even a cheap spinning wheel can cost in the range of $400. Good sheep wools for learning are Corriedale and BFL (blue-faced leicester), which have staple lengths of 3-4 inches, as opposed to the 1-2 inches you'll get from a bunny.
Youtube is another great place to search for tutorials. There's a ton of information on the web for learning to spin--a few searches should turn up lots of resources for you.
And feel free to send me a message if you like! I'm not really an experienced spinner, but I did learn to do it from the internet.
WHOA! I never even thought of this!
