Welcome to the forum.......I use Fruity Loops for Hip-Hop/Rap....Its not the best in the world but with a keyboard you can work wonders.....I would reccomend downloading the Hip-Hop and R&B packs for fruity loops off *coughLimewireorKazaacough* and it will give you some nice sounds to work with....
I just started my own Home Studio and Studio Foamed my walk in closet you can get that here
https://www.musiciansfriend.com
Im using Sonar 4 for the recording....Holla at cha boy *wink*
Get you a decent large diaphram condenser mic I reccomend the
MXL 990 (comes with pop filter) for like 59.95...for the price it sounds just as good as a 300-800 dollar mic and you cant beat it...just check the reviews, you can also get it at
https://www.musiciansfriend.com....get you a nice preamp, xlr mic cable, and a 1/4 cable with a 1/8 adapter (for preamp output to ya computer) to plug into ya sound card and your set....
With using the under 300 dollar equipment above Ive managed to win 2nd place at my first show recently and get radio play on our local HOT 107.1 here in Memphis.....Good Luck, and Welcome