I was in the same boat and after a good bit of research this is what I ended up with for a cheaper first long range setup.
Remington 700sps varmint 26 inch barrel in .308 $525.00 NIB off the M4C exchange.
Weaver Tactical 4-20 mil mil FFP scope $737.64
Leupold 15moa base $109.95
Seekins meduim rings $118.95
The stock sucks and the trigger is not horrible if you adjust it down all the way. The Weaver scope has good glass, but is a little short on elevation adjustment and needs a 15moa base to get out to 800 yards or so. With the base it has about 10 mil adjustment. A Bell and Carlson stock will run a little over $200 from from Stockys. I have plans to get one when I can actually shoot well enough to notice the difference. I have limited time at the range with it, but so far so good. If you want I can bring it to Tusco next class.
"No you do not have to think; it is an act of moral choice. But someone had to think to keep you alive; if you choose to default, you default on existance and you pass the deficit to some moral man, expecting him to sacrifice his good for the sake of letting you survive by your evil." - John Galt
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