It would be much better if you had access to a shop. Gearing up from scratch is not worth it at all.
In truth, I cannot justify doing this myself except that I enjoy it and I'm doing some custom things.
If you wanted some really nice cabinets you can measure up and order them built and then get a good finish carpenter to help you hang them.
Tools I am using:
1) Cabinet saw. used, $700. I could do it with a contractor's size saw for less money, but hey, I'm building cabinets.
2) decent sized compressor, $200
3) Narrow crown stapler, $150
4) finish nailer, $100 I don't use it often but some of my shelves are pinned in where you can't see the nail.
5) Miter saw, $100 If it cuts square that is all I need
6) cordless drills and drivers, $200
7) dado blade, $100
8) squares and levels and tapes, $100
9) Kreg pocket screw set, $100
10) Here is where the wheels come off the bus. My neighbor has a nice planer, and I use it on the face frame lumber. A cheap one is 300 but one as good as Pete's belsaw would set me back a grand easy.
The saw leaves saw marks. If you try to sand those out you will invariably round off the board, and when you jig it together it will have bad gaps and cracks. you can use a jointer, or develop the skill to use a hand plane, or feed it through a good planer after sawing.
11) random orbit sander, $50
12) A whole bunch of little things I can't remember offhand $?