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would like to start a home studio for $600 can it be done?

I already have a fast, new HP desktop so I would like to do computer based recordings of everything from acoustic guitar, electric, vocals, and keyboard. Here is what i'm thinking will work. IF YOU HAVE BETTER SUGGESTIONS LET ME KNOW! since I am new to recording.

Starting a beginner home studio

Hey, I'm looking to start a home studio(garage setting) where I can record music in(duh). More specifically, I'll be recording a mix of metal/folk/jazz music, and I need to know what I'll need. If it helps, I want to try to record everything with only one microphone. I'll be recording drums, bass, and guitar. What should I buy to get started?

Building a home studio Don't know what?

Hey- i am home recording illiterate. I am trying to build a small home studio for demoing tracks before I could to a full studio. I don't know whether or not I should go usb interface, what programs, mics, and midi's to use? Or should I use a digital workstation with burner. I want to be able to create lots of sounds as well as recording acoustic and electric, and paino. Not sure what to do.

Building a home studio Don't know what?

Hey- i am home recording illiterate. I am trying to build a small home studio for demoing tracks before I could to a full studio. I don't know whether or not I should go usb interface, what programs, mics, and midi's to use? Or should I use a digital workstation with burner. I want to be able to create lots of sounds as well as recording acoustic and electric, and paino. Not sure what to do.