I mean, I've gotten up on stage with a diddley bow made out of 1 string and a plank of wood before, my standards are real fuckin' low.
I also make, primarily, folk and lo-fi music. If I made actual real jazz, you bet your ass I'd get myself a decent semi-hollow. If I made metal, I'd get something I could shred with.
If I was learning to play again, I would buy the cheapest (playable) guitar I could until I knew what kind of music I wanted to play, and then specialize after.
Monoprice may or may not be shit - I'm guessing there's a reason I haven't heard of them.