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Well, the big question is: Vinyl versus CD's ??? Are you ready to give up "the vinyl touch" to save money? IMO, the vinyl is all about looks, unless you're a scratcher there's no solid reason why vinyl is better than CD's, it's all preference (well, it's cool to see a DJ spin vinyl, so you get +respect from the crowd for that  ) .. I know I'll be flamed for saying this 
Basically, you'll need 2 players (turntables (record players), or DJ CD players), a mixer and a truckload of music to play (probably the most expensive part of being a DJ). Vinyl costs alot, but CD's don't come free either... Also, many CD DJ's these days are buying their music online in the form of mp3's and burning them to CD's (since EDM CD's are hard to find, compared to vinyl and online mp3's).
There is a third alternative, a cross between these methods, and that's using a digital vinyl setup, such as Serato Scratch Live or FinalScratch. These are special computer perpherials that allow you to play so-called control vinyl, connect turntables to your computer and control mp3's as if it was music on a real vinyl. It's something to look into if you wanna try vinyl, but don't have money to buy an infinite amount of records.
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