What's wrong with the Hobbico Avistar??? I've taught plenty of students that have come out with this plane and IMHO it's a pretty nice little deal. The price is $279.99 and that includes the plane, motor, and radio. And Tower is currently running an offer for any orders over $199 you can take $30 off the price of the order, so that gets the price down to $249.00. Well within your budget, and you still have money to buy ground support equipment. I've taught plenty of students on this trainer and it's a decent flying plane. I think that you would do well with it.

Hope this helps

Ken