WARNING! After testing this it is clear that the signal from the VTX causes severe interference between the FC and radio. I only get about 50 feet away before the remote looses sync and the quad falls out of the sky. Unplug the connections for the regulator and VTX and it was flying great. I'll let you guys know if I come up with a solution aside from a different VTX. I'm looking into a light weight low pass filter, any suggestions would be greatly appreciated!
I used a Hubsan X4 combined with a new frame and some other parts to make an FPV micro quadcopter.
Hubsan X4: http://goo.gl/0rbkt6 $43.40
FFG 110MM Frame: http://goo.gl/em8cwx $30.00
1 Gram 600 TVL Micro Cam W/ 170 degree wide angle lens: http://goo.gl/YDpxi8 $12.00
1258 Mhz VTX: http://goo.gl/iQhi36 $39.99
3.7 to 5V Regulator: http://goo.gl/EFkvZG $3.29
Cable for V-Reg: http://goo.gl/VvqLPQ $2.99
12 Channel video Receiver: http://goo.gl/TzEiaU $29.99