
Stay w/ Vinyl
M Audio Monitors 8inch (Studio Monitors) Headphones wont do. ($600)
M Audio Delta 1010 (10 in 10 out PCI sound card for pc) ($399)
Any MPC ($850-$2000)
A good DJ mixer (Rane, Vestax, Pioneer depending on your style) (a good quality mixer will not cost less then $500)
Decent needles for your tables....pair of Shure M44-Gs ($100)
A multitrack recording program for your computer. I'm a PC guy so I would suggest Adobe Audition, Reason, Pro Tools or Cubase...I perfer Adobe Audition for it's ease of use. (You can pay or get Kazaa and d/l it, your choice) Your program should be a huge resource for your MPC, you will be able to use any program capable of waveform editing to cut, chop, munipulate, shape, or flat out steal your sounds to load onto your MPC. You can use one of the above mentioned programs to rip cd audio, record vinyl, and sounds recorded on your mic and visually cut out the sounds you want.
Keep in mind that you will need to buy some soundproofing equip. to get good vocals on track. ($60-$10,000)
and a good condensor mic (usually around $300)
All the cables for all this equipment ($150est.)
And most importantly TIME and DEDICATION
All this equipment should give you some really good sounding recordings but, will be limited to the time you spend learning it like the back of your hand.
As you go along you will realize that there will be other things that you "Can't live without". But, this is only the basics.
And of course, this is only my opinion, and like bass holes, we all have one........1
Good luck!