I truly want to thank each of you for the input. I also see that I need to shed some more light on my project.
The $4k is for lights, camera and location sound equipment only. This is a hard number that can not be exceeded. I also have a budget for cast and crew needs including food. A budget for wardrobe and special effects even though they will be very minimal. A budget for editing including sound and hardware/software upgrades. Finally there is a budget for lawyers expensive to review contracts and legal documentations.
I would love to shoot on film, however, I see it as too complicated do to my circumstances. You see, I live in Alaska and the processing is ungodly expensive up here. Even if I were to ship it out of state for processing the cost of shipping alone will raise the production budget several hundred dollars and would create a liability that would to be a nightmare. Think about it, you just finished shooting only to have your stock lost, stolen or crushed in the mail. Not to mention access to equipment for editing or for digital transfer is nearly nonexistent. Also I hope to repurpose this equipment after the shoot for a few other projects with as little additional cost as possible.
The script is properly formatted, it has been storyboarded and a shot schedule has been created. Trust me I have planned for a lot more then 1 weekend.
I have a small production crew that consists of:
Myself who will be working as the Director/Camera Man
A Casting Director/Lead Actor with a B.A. in Theater and almost 20 years experience.
A professional sound man who has his own studio equipment and over 25 years working in stage and sound system installation, planning and design. He is willing to let us use his studio equipment for mixing and ADR but not in the field. Hence the need for location sound gear.
An Associate Producer/Production Supervisor who is one of the savviest businessman I know and who shares a love for the genre.
An Assistant camera man who I trust to get the shots while I am wearing my directors hat.
And a makeup artist/wardrobe person with a few impressive stage productions under her belt.
No I did not forget about the cast, we are planning on holding auditions in March. I have a few connections in the local thespian circles with quite a few interested parties willing to participate.
You see this is not a wake up one day and say to my self I wan to make a movie. Instead it is a project that has been long in the making and has just started to reach the true pre-production phase. The last time the crew and I were reviewing details it was determined that we should post the question here to see what the response would be
This brings us full circle to the original question: "If you has $4k to spend on a DV Camera, Lights and location sound equipment what would you buy?"