i read ur post in the other forum that you don't want any computer in ur studio, right? If so, it's gonna be kinda tough cuz you're gonna need something to record to, be it tapes(4 tracks and so on), adat or whatnot, and any of those can easily go over your budget or at least in the long run.
If I were you, I would invest in a cheap computer ($300-400), then softwares and a mic with preamp. But if you still don't want a comp, I'd say get all the instruments (mics, sampler, synthesizer, sequncer) and get famliar with them first and record them onto a home stereo until you can afford something better.
Oh, wait, you could serach for a used sysnth+workstation that has a sequencer built-in. But, you wouldn't be able to record vocals tho. Motif by Yamaha is a pretty standard for hiphop stuff, i heard.
Sorry, couldn't be more helpful. Good luck
AL