How can I get back into vinyl very cheaply?


Hi and thanks for taking the time to read my thread. I grew up in the 70's and amassed a relatively large record collection. Moreover my buddies from high school are willing to give me their old Lp's. However I don't have much in disposable income so I am wondering if there is a good TT,arm, cartridge, combo to be had for ~350$ I had a denon direct drive turntable when I was a kid, but reading this site makes my think that a belt drive table would generally be superior. I particularly am wondering what old units I should look for on ebay. There are almost 1000 units for sal on ebay and most of them are in my price range, but I really don't know for which units I should be looking. Finally as I don't even know what VTA is, ease of set up is important. I appreciate all opinions.

PS. My Musical Fidelity pre has a phono stage that is purportedly good but not great for MM and adequate for MC
rgcards
Audiohaven, where did you find an Mmf 5 for 390? That I think would be a good solution for me to get up and running fast. Breeno, I didn't thank you properly for your offer, your generosity is the most stiriking among the many gernerous replies on this forum. I noticed a project 6.1 for sale today, any thoughts on this unit? Finally audiohaven, the amp will be an Aragon 8002(sold my better amp) and the pre will be a MF 308 (which I scammed my Dad into buying for me as a gift for my latest"graduation").
I have a Denon Dp-47F. I love it I use it for its ease of use. Yes it is direct drive, I do not care, I threw a Grado Blue on it. The whole package brand new was $535! Enjoy.
If your interested I have a Luxman pd121 & shure sme 3
tonearm. No cartridge. It is in excellant condition. Asking
$375 & shipping for both. Buy a shure m97ed for $90 and
you will have a very good combination for reasonable cost.
Reason for selling I prefer compact disc.
Norm Cuny
630 840-8126 day
815 786-1672 evening
cuny@fnal.gov