A 2.5 inch suspension lift and shocks (somewhere around $1500)
SYE & driveshaft to suit with some adjustable rear upper control arms & front and rear lower control arms (maybe $2000 with the right shopping or buy some 2nd hand control arms to keep to budget)
Highline hood conversion alla DIY (couple hundred doing all work yourself)
Some steelie wheels and 33s from the AJOR for sale site ($1000)
My shopping list would be: (a bit unrealistic, but would be fun)
DIY highline fender lift $200-300 (no idea really as to $$)
2" springs, shocks, discos $1000
SYE $1000
Steelies $500
37's $1500
Ratios $ (whatever I have left which wouldn't be much)
then wheel the crap out of it and more than likely break something and have no money left for repairs so I would stick to web wheeling. Much cheaper.
1. 3" coils/shocks = 1000.00
2. 33" muddies/black steelies = 1350.00
3. MML/TC spacer kit = 450.00
4. sway bar disco's = 350.00
5. 4.56 ratios (fitted) = 1100.00
6. Detroit no spin for front (fitted) 750.00
Sell off all the crap that you remove (tyres,rims,shitty side steps, bars etc....). Buy some recovery gear and recovery points. Maybe some cheap ass spotties....................
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Budget build: What would you spend 5k on?
so I would stick to web wheeling. Much cheaper. 
