A power rack (for safety), a 400+lb olympic set with bars, and an adjustable multipurpose bench. Anything after that is icing on the cake. Total cost-most likely around 800-1000 beans. Buy it all from EliteFTS.
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^^^^ That setup, and check your local Craig's List for good bargains on used and usually hardly used weight equipment. Probably have to spend more than $400, but should be able to keep it under $1,000.
Craigslist all the way. It took me several weeks to find a rack that I liked for the price I wanted but it was worth it. I got an EliteFTS rack and heavy duty bench for $260. Already had an olympic wt set.
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