New to Home Recording - In Need of Some Help

Hello all. I'm new to the forums and home recording, and if you are able to, please clear up some of my confusion. I am on a fairly limited budget ($300 is about my limit) and I'd like to have a respectable set-up (CD quality is preferred) for music recording. I will, most likely, only record a limited amount of instruments (an acoustic guitar, a little bit of homemade percussion and certain other strange, around the house sounds) in multiple takes - a one-man band type of thing. The microphone that I am considering is the : Sterling Audio ST51 Large Diaphragm FET Condenser Microphone - all equipment is on musiciansfriend.com - which seems to fit my needs. If you have a better suggestion for cleaner, warmer audio, please let me know. (How do I know which microphone cable to get? Are they all the same?) Record through the: Behringer EURORACK UB1202 Mixer directly into Audacity. (Would the: Behringer U-CONTROL UCA202 USB-Audio Interface be used so as to connect the mixer to my computer? If so, does the mixer come with Red and White audio cables? Or, would I need to buy them?) Would I need any other equipment than what I mentioned here? Any other cables, etc? Would this setup give me decent results? I'm not looking for uber quality here. My goal is to release some tracks through Jamendo and other indie based services, and I just need help getting there. I am basing this setup on a video from Youtube: http://www.youtube.com/watch?v=EmSA8YJyk2k Though the music isn't exactly my cup of tea, the quality and performance seems to fulfill my needs. Any suggestions? Thank you so very much for you time. Take care.

:shock: Try gearslutz.com