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P.S. Fusion (free) gives you unbelievable effects! Again, a rather steep learning curve. But do your homework and you'll be in effects heaven!
Lightworks (free or reasonably priced pro subscription) has been great for me. Runs without stuttering and I never have to bother with proxies (using pro subscription w/ wide range of codecs etc.) Supplement with Resolve (free) for your effects, notably its unbelievable stabilizing, keying and coloring. Resolve's learning curve is rather steep----great program once learned, however. You could also just do everything on Resolve instead of using Lightworks to do your cutting.
You can do almost anything with Reaper (stunning $60 DAW), Wusikstation ($50 VST plugin with huge sounds collection included), and an upgraded soundcard such as M-Audio (maybe $200 ?). Don't skip the soundcard or you'll regret it. (An awful thing called latency can slow down the responsiveness of your setup, without a good one.) Once you have a DAW and soundcard, you can harvest hundreds of free VSTs with just a little effort. Kontakt opens the door to using the best commercial VSTs. Any package offered by Kirk Hunter Studios will give you great value for orchestral work.
I agree, Oscar Sound Tech 801 is a swell mic, and they'll cut & terminate the cable to your specs. I have three of them. Nice hot signal.
Mr. Artis is brilliant and has so many practical insights. I checked out several of his other production-oriented entries (safety, batteries, truck loading), but this post goes into framing psychology. It's worth following this gentleman.
a concise, engaging & brisk summary by Mr. Britt---well done sir !