WoodsDweller,
I found a used Lee press with everything needed for reloading (dies, extra turrets, case cutter and hand priming tool) for a steal. You can buy all of that new for around $140. I use my M&P AR for hog hunting so I don't load FMJ's. I load Sierra Gameking's for around 34 cents a round. You can reload that Federal brass with FMJ's for around 25 cents a round. Brownell's, Midway, Cabela's, etc all sell everything you need to get started. If your just plinking, and not shooting bullseye or varmits, then you might be better off buying bulk ammo. It is addicting as there are 1000's of different bullet, primer and powder charge combos.


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