Space Rock Collective has tried to start a full rock artists colony for less than $700 USD. We bought a cool Kawai keyboard off of Taobao ($422 USD) and went to Baoshan market and got a mixer, Mics, Microphone stands ($187 USD ). We just need a smoke machine and some Lasers. If anyone wants to donate some we will buy you a beer or two.
We have a Martin acoustic, Fender Telecaster, Fender Amplifier and an Hughes and Kettner amplifier.