Quote:
Originally Posted by jeff higgins
if your budget really is only $. . . .
. . . . I would suggest rounding up the gear you will need before you even begin shopping bikes. A lot of new riders on a budget get this one backwards, buying the bike first. Most can't resist riding it - maybe borrowing a helmet and making do on everything else. Yikes...
. . . .
Anyhoo, enough preaching. There are lots of great suggestions here for motorcycles that would meet your requirements. The overall theme is a middleweight, mid displacement twin or single. Pick a flavor you like and get going. but please, get the gear first. And don't scrimp.
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OUTSTANDING ADVICE!!! 
There lots of online sources for used gear in excellent condition at a fraction of new prices. Here are just a few.
Sport-touring.net
IBMWR.org clothing for sale
IBMWR.org gear for sale
I have purchased all of my jackets and all but one pair of my gloves used from the sources above. I have yet to be disappointed or burned on a deal.