Dont go with Spektrum or OrangeRX junk.

TX = Origional Turnigy 9x (way better quality than the 9xR)

TX Module = FrSky DJT module

RX = FrSky D4R-II (Can run 8 channel PPM over 1 wire)

Frame = ZMR250

Motors = Cobra 2204 2300kv motors

ESC = Some standard 12A ESC's (kinda high price but only decent thing i found quickly.)

Batt = Couldnt find any decent ones... you def want more than 20C... you want at LEAST 35C imo

Charger = Accucel 6 (need a old laptop power brick to power it.)

Flight controller = pick one of the many 32 bit setups... naze openpilot etc... amazon didnt have a good selection

Props = HQ props... Also not on amazon (i dont care for gemfan but lots of people use them just fine)

Without having the RX/TX setup I dont think you will keep your budget that low.