#3
If you are hoping to record a whole band then pretty much the cheapest you can go with any amount of quality is a Firepod - the cheapest thing that will allow you to have enough inputs for drums. Get the Shure Drum Mic Pack, and a condenser or two - wait how much did you want to spend?
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Quote by BrianApocalypse
Good call

Man, you should be a mod, you know everything.