It is a long process unless you win the lotto - even then w/ a kid in school you might want to go slow ;-)
If you are doing acoustic stuff a mic is probably the best investment you can make, along w/ basic room stuff. Pointing the speakers down the length of the room is a good one - as well as some furniture to absorb and reflect the sound. An IC interface preamp is surprisingly good - not as flexible as a high gain, discrete preamp but certainly good enough in most circumstances. Of course, as you go along in home recording you'll always think one more piece of hardware will fix whatever problem you are having.
But to put that in perspective I was trying to talk myself out of buying a tube mic for use here at home. I took my modded Otava LDC to the studio and checked it out w/ my main singer against a Wunder 47 clone. Sure, there was a difference between the two mics. Some high end and low and the tube essence for the wunder. I'd pick the wunder everytime for vox, I think. But was there $5000+ difference? Not for home use. Not even the $1000 it would take to pick up a midrange tube.
But if you interested, B&H photo has the mxl Genesis tube mic for sale for -$500. Good buy, tho I haven't used it. The reviews were good, tho, and a great price on a $1000 mic.
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