All you need is an auger, rods/reels if it is nice out. Sled if walking on, chair if you like to sit. Flasher or camera gives you a big advantage and also makes it a lot more enjoyable if fishing is slow. Tent and heater are only important on cold days so if you want to fish every weekend they are necessary imo but if you are willing to settle for every once in a while when the weather is nice can do without.
I had everything but sold it all this year. If I decide to get back into it what I would buy would depend on who I plan on fishing with. If a buddy has a tent and auger all I would probably get is a flasher but if I was on my own or taking someone without gear I would be getting everything again as I find it more enjoyable.
Key is to buy stuff used and on sale. Then when you go to sell it you don't lose much.
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