RE: first time builder
There is nothing basic about an F16. A new flyer trying to build and fly one would be about the same as a new driver building and trying to drive a Nascar stock car. Not gonna happen successfully.
If you want to get into RC, read the beginners' stickys and get one of the reccomended first planes. $300 is a small budget, but doable with one of the electric park flyers. You also need an instructor if you want the plane to last. Good luck.