Converting to Analog

You can get great analog sound for a lot less than you think. There is, as we speak, a Technics SP-10 MKII for a mere 599.00 including shipping here on Audiogon. You will have to add a tonearm and cartridge.

Yes,Its lots of work to get it right.
Besides a TT you'll need a phono pre and a cartridge that work together.
Proper setup is a must.
A record wet-vac is mandatory IMO
Cleaning a dozen LP's at once can take a hour or more.Besides that, the jackets of used LPs usually are soiled and can stink.They need to be cleaned also.Rice paper sleeves for the vinyl and a decent cover for the jacket should be used.
There's tons of used vinyl out there for pennies a pound but many need proper cleaning they probably have never seen.
Proper TT placement is huge too or you can run into acoustic feedback and other nasties.
Some other items you'll need is a protractor,stylus gauge,tweezers,level,stylus brush,stylus cleaner,some sort of vinyl conditioner such as groove-glide,stylast etc.
Plus be prepared when family or friends say " a record player? why, when you can play CD's??"
The world of vinyl will open your eyes and ears but be prepared to work for it.

Sorry,I only answered your second question.
Can you get the level of sound you heard without spending 10 K ??
Be ready to spend at least 2-3 K to get "near" that level but you won't hit it.I think you'll be happy anyway.