Billy Pilgrim
Stye in my eye
I still think you should shoot something for maybe $1000 first and then go for it. It's so much to learn. If you can shoot on $1000, then shooting on anything more is a snap.
-Nate
I second this. It can be easy to get sucked into spending money. You don't necessarily have to spend 1k, you can go 2 or 3 if you need to. But I think Nathyn is right about making a cheaper movie as a learning curve (at the very least). I just made a feature for about 2k, and I think if I had been more careful about spending, I could have made it for about $1,500 and had an extra $500 for festival submission fees, a press kit, etc. Just keep in mind that you don't really stop spending money after you've finished filming. There will always be things you need to pay for after, be it copyrighting the film, buying a domain name, web space, festival submission fees (if that's the route you're going), business license, etc. And if you can make a decent little film for just a few grand, you'll still have a lot leftover to even promote and distribute yourself, or to even make another movie. I haven't read through this thread, so maybe I'm just repeating what others have said, but that's just what I've learned after making my first feature, and I thought I'd open you up to possibilities that maybe hadn't occurred to you. Good luck with your project.