If I may ignoring your criteria for a minute, here's my recommendation:

Hobbico Avistar ($99.99) - The Hobbico line, with the exception of the Nextstar, is a fine series of trainer planes. The Avistar goes together easily and flys well. It also looks pretty good.

OS .46AX ($109.99) - There are cheaper engines around, but few better. This engine will last you through several planes.

Hitec Flash 5X ($160) - A great beginner's computer radio. All the bells and whistles you will need for a long time.

I realize this seems like a big investment, but the radio and engine will last through several planes and (with proper care) many years of happy R/C flying.

Check the AMA club locator on their site [link]http://www.modelaircraft.org/[/link] for local clubs in your area. Most clubs have instructors available for free (club membership usually required).

Good luck, and keep us posted.

Dr.1