I'm utilizing an iPhone 4, 6 ch mixer, 2 input interface (Tascam iU2) and Multitrack DAW software, along with Audiobus and JamUp for the heck of it, although I probably will not use them. I have a good A-T condenser mic, a few AKG all purpose mics, and an SM58. I'm going to borrow a D112 and SM57 from a friend. I also have a Presonus studio channel and a noise gate to use when recording the the kick drum and vox, and whatever else I might need to use it for if I can't get good bass/guitar tone from the mixer and mic placement.
I know this isn't the ideal way to do it, but I was going to use the mixer to get a good balanced live drum mix, and shoot that to one channel while recording scratch guitar/bass with the other channel. Then track my bass, guitar, and vocal tracks after that on separate takes/tracks. I'll run two mics on guitar and one on bass/one direct when recording those instruments.
It's not gonna be perfect, but it beats the alternative (paying tons of money, or having a buddy do it for cheap and not having control) and I should hopefully get a decent sounding record. I do have experience recording so I think I can pull this off.
Thoughts? I don't look at it as a possible disaster or waste of time, but a fun way to play with some toys