Steve,
I bought a Rogue A100 as my first mandolin (I'm a guitar player). It was $50, and it seemed ok to have a cheap instrument as a starter... but they're actually pretty good, as good as any other non-solid-wood mando.
I hear good things about the Rogue F-style ($150) too, but never have touched one.
I suggest you buy a Rogue, but whatever you buy, invest in three things after you get it:
1.) Good setup at your music store. And I mean, get them to sand the bottom of the bridge and everything. Probably will cost a good portion of the original price of the instrument.
2.) Get your music store to put in a bone nut. I made one myself and installed it, and my mandolin sounds as good or better than any other I've played. Also quite a bit louder.
3.) Good strings, D'Addarios or GHS Silk and Steel. It's amazing what good, fresh strings will do to any instrument.
Of course, I'm not an experienced mandolin player, but having just gone through this kind of thing, I thought I could help.
Ari
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Tacoma C2C Chief A/E
Epiphone PR7E/AM
Rogue A100M
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