S.K.
When my first was born I did a lot of research and decided to cloth diaper, but didn't have much money to put into it upfront. So my choice of type was kinda made for me. I did prefolds and covers, with the Snappi closure instead of pins (highly recommended!). I bought 24 of the chinese prefolds in the infant size and 24 in the toddler size. I initially bought prorap covers, and I like them, but when they wore out (after baby #2) I replaced with Thirsties covers and like them a little better. I like to have about 4 covers per size. I am now CDing baby #4, so definitely cheaper for me. I estimate I have put about $300 into buying my diapers and accessories. I run a cold water rinse, then wash with a touch of a free & clear detergent and baking soda in the wash and vinegar in the rinse. Hanging in the sun to dry is great for stain removal, whitening, and freshness, then toss in dryer with dryer balls for a few minutes to fluff. But machine drying is fine too, that is what I have to do all winter. Aside from a few light stains on a few of them, the diapers have held up great through all 4 kids. As soft and white as ever. As I mentioned the covers needed replacing after #2, but that was not a big deal.
It would not cost you much to buy 12 chinese prefolds and 2 covers to try it out. You can often buy individual samples of other types of diapers to try them out too. Will you be staying home with your baby? Many daycares won't do cloth, or require the less-fuss (but much more expensive) all-in-ones. So something to consider. Hope you find something that works for you. Feel free to PM me if you want any more info, I am full of it :)
ETA: Just wanted to comment on time and bills. I do two loads a week and hang to dry when possible, I did not see an appreciable increase in my utility bills. (Oh and you should never use dryer sheets with cloth diapers, it leaves a residue that makes them less absorbant). When I do a load every 3 days I do not have a smelly nursery. I have used the Diaper Champ pail which seems to contain smells well. When my child was exclusively brestfed all diapers went straight in the paiI. When we start adding solid food I use flushable liners that catch most of the poop. If anything spills over a 20 sec dunk in the toilet isn't a big deal. I have never had to stay home because I use cloth, but when we are traveling for more than an overnight I use disposables for the trip.