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
The cheapest way to get into vinyl is to visit a nearby friend who has a turntable.
Rgcards: I was in your position a few years ago, and picked up a new NAD (which is basically a low-grade version of the Rega P2), because that's what my local dealer had. It needed an adjustment, so I'm glad I had the dealer to take care of that (at no charge, of course). The NAD is certainly competent, which is as good as you're going to do in your price range. It's probably roughly on a par with the cheapest Music Hall or Pro-ject.

I'm intrigued by Psychicanimal's rave for Technics, as I'm occasionally asked for recommendations about "what to do with all my old records." The better Technics belt drive and a P-mount cartridge isn't going to set you back more than about $200. If it's as good as he says, it might be the way for you to go. For nonaudiophiles who just want to play their old records, it sounds like the ideal solution.
The MMF 2.1 can probably be had for around $225 Perhaps a little less) new. It's easy to set up and the Goldring cartridge is perfectly acceptable. If you can stretch a bit from the $350 figure, however, I'd go for the MMF 5 (List $500) which is more than twice as good and can be bought for around $400.
Thanks for all the responses, both public and private. I certainly will look into the Music hall MMF turnatables, as well as the technics turntable. I've always beeb leery of B&O equipment, it looks fragile and difficult to repair. Also thanks for the advice on shipping, I'm sure your right that most people selling old turntables have no idea how to pack them
Bomarc, I've had two Audiogoners with very expensive digital rigs come listen to my 1200 on steroids: Deano and Lak. I wouldn't have invited them over if the *creature* wasn't really good sounding!

My music collection is 70% vinyl, BTW.