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No a salt tank for under 300 is do-able. Probably going to be close though.
Like the other have said it is going to be difficult to maintain a tank that small. I am always concerned when people new to salt want to start that small because the risk of having a bad first SW experience and contributing to the rumor of SW is so difficult to do.
I personally think that a 75 is a good place to start for SW. Craigslist will be your friend here. Because of the economy there are a ton of people getting out of their larger tanks right now. I would guess that if you keep your eyes open you could find a tank and stand with some equipment even for 200-300$ I don't think you will be able to set the whole thing up for that much but it wouldn't take a whole lot more and i think it would be worth it in the long run for you. I wouldn't ,however, buy someone elses live rock or fish. Buying thier system also buys their problems.
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Pat
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