I would like to start recording my band practices. Current configuration is bass, guitar, and drums. I would like to record individual tracks to my computer so that we can add other parts, work on vocal lines, splice jams together in to full songs, etc. I figure that will require a mic for guitar, 3 for the drums, and mic or DI for the bass.
What I'm missing is the piece of hardware that sits between the mics and my computer. What do I need there? How do I evaluate different options? What affects sound quality? Do I need a built in mic pre-amp to mic up an amp? What am I not asking because I'm a recording n00b?
Also, I'd like to do this on a budget. We're not trying to cut a demo, but what are the trade offs associated with price? We're all good musicians with good ears, what should we avoid skimping on so that we don't just end up getting frustrated?
I cross posted to AV, as I wasn't sure where this really belonged.