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that is about the budget i had when i bought all my equipment. i ended up with the following:
2x technics 1200 m3d @ $300 each (they dont make these anymore so get the mk2)
1x stanton RM-3s 3ch mixer @ $150 (now the SMX-301)
2x stanton 500-II needles @ $25 each
1x sony MDR-V700 headphones @ $80
that was about 8 months ago. im about to upgrade my needles, and my mixer. the mixer was great to start on, and the needles are ok too, they were cheap, and they worked with the technics headshells.
all in all this setup cost me a little under $900 before tax. now that was because i got a dicount on my TTs and mixer becuase they were floor models, and i got my headphones with my employee discount at work. had i bought it all new in the box, it would have cost me probably around $1200.
hopefully this can give you a starting point to work from when shopping for your equiptment. you might also want to try to get a better mixer and needles, and maybe pick up some good condition used TTs to balence it all out.
good luck!
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