I buy batches of whatever is cheap on eBay. I would say that when you buy cheap motors you get what you pay for, especially the bearings. I'm not saying that is bad. You get your money's worth. The cheap ESC's are well worth it from what I have bought. Cheap, name-of-the-week lipos are generally not worth it. Cheap quad kits at $10 to $14 shipped, I buy 4 or 5 and have plenty spare parts.
I just bought some Venom name-brand lipos, 4s 3300 30c for $22 each shipped that I am very happy with. I also bought some SunnySky 2212's (not the cheap Angels) at $32 for 4 shipped.
Start simple, but with good twisted motor and battery wiring for later mag use. Fly Attitude mode with Complementary (Attitude Estimation Algorithm) without FPV. Then get GPS and mags working with INS13 and VelocityRoam mode. I like and use telemetry. It is great to see what is going on. It can plot where the vehicle is on a Google satellite map (can be previously downloaded). Then add FPV with simple omni antennas without OSD. Add things one at a time and get it well tested. RTB (RTH), waypoint flight, different flight modes if you prefer them, OSD, directional antennas, trackers.