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Help, am I overstepping my role?

In short, I have a small home studio that I have become quite comfortable with. I can obtain a reasonably good sound that many are happy with. My problem is, I am trying to record my cousin. He has an excellent voice, great song structure, and plays guitar very well. His goal is to have a complete CD to attempt to market or take parts and send out demos.

Am I in the wrong forum? need advice on upgrades!

Here's the story. I have recently been approached by an investor who is willing to fund my studio. Renovations, equipment upgrades, whole new facility, whatever. I just need to com up with a solid plan.
I know enough that I can't get too trigger happy, because if I spend too much it will drive prices up, and business down.

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