Now, here's a deal worth investing into. Palmetto State Armory is offering a M4 kit (less receiver) for $479.00 + $11.00 shipping.
The barrel is chambered in 5.56 and has a 1:7 twist. It's perfect for shooting 55-75 grain bullets.
Since it's a 5.56, you can also shoot standard .223rem.
Source: Palmetto State Armory
The upper is completely assembled. It's a flat top A3 design with front sight, M4 barrel profile and flash hider.
It also comes with bolt carrier and all the bits for you to assemble your stripped receiver. Add your magazine and you're ready to rock!
I have the tools and equipment to assemble this. It takes about 30min and you're rocking!
If any of you need any help, I would be more than happy to assist.
Assembly instructions are all over the web. My personal favorite is this one from AR15.Com.
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