What I have isn't excellent equipment, but it is all I have to work with right now. What I have: Compaq Presario SR1214NX Fostex MR-8 Digital Multitracker MXL 990 and 991 (I have yet to use these because they were a christmas present and I didn't get a phantom power unit with them and I know they aren't the best mics but they are much better than the cheapy mics from a department store. Also, I have yet to get a preamp, should I get a preamp that has the phantom power option, or should I get them separate... what do you suggest for lowest cost, but highest quality ratio for a preamp and power unit.) Latin Percussion Fiberglass Bongo's Takamine EG-15C Peavy Axcelerator (Which do you prefer Pro Tools or Cubase.. and why?) What I will be recording: Mostly recording will consist of acoustic guitar (stereo mic'd) some electric guitar (nothing too heavy) vocals, and various acoustic percussion. My intentions: I want to be able to create a quality recording. Something that is listenable and isn't recorded from a computer mic, or even something through a multi-tracker and just eq'd to sound right. I want to take it another level and be able to make it a dynamic recording that has crisp clear highs and smooth deep lows. Advice: What would you use and how would you setup a recording "studio" with the equipment I have (computer, mics, mr8). This post may sound ultra n00bish, and well... it is, but I'm trying to inform myself by reading lots of the boards on here and searching for as much recording information online as possible. I'm also buying books and trying to inform myself. This is definitely a passion of mine and something I would like to make into a very serious hobby if not a career. Thanks!