I dunno...$2k for a week's worth of tracking...???...maybe in a smaller studio, but that might only be a slight cut above what he's able to already do on his own?
Sounded to me like he was considering a high-end facility...and that's going to be more than $2k for a week, not to mention the session players, not to mention the mixing and finally the mastering, plus any promo/marketing costs.
Yup...that will chew up his budget.
But the key to the right answer has to do with what the OP has in mind for the long-term, and will he have more $$$ to spend down the road if he wants/needs to do another project, or is this going to be a single, all-or-nothing shot...???
He hasn't really stated any of that yet.
Me...I just don't see good odds in the all-or-nothing approach unless you are already a well established local/regional artist and all you need is a kick-ass album to present to a record co and they'll take it from there.
So…I kinda like the “investment” approach…which means build up your studio and you can play/record for a long time at minimal cost later on.
Also…you really don’t need to track in a million dollar room to get good results…that’s been proven over and over…but it doesn’t hurt.