I am a bass player and am working with my guitarist on setting up our first recording studio in his garage. I have a friend who does film and TV scores that is helping me come up with a decent, low budget studio. He has a Yamaha O1V he is willing to sell to us for a very good price. I am looking at the m-audio 1814 with m-powered protools into my guitarists mac. What I hope to accomplish is being able to record our practices to catch anything we might come up with, record new material and be able to use the O1V through our PA live. SO, my thinking is that we could run guitar, vocals, bass and drums into the O1V. Then using ADAT run 8 digital and 4 analog (if needs be) out to the 1814, Then into the computer through firewire. Our goal is to save the $ we would use in the studio and build a little studio of our own. Obviosly we would get the tracks mastered. My question is will this give us a passable product to give to someone to master or will it always sound like it was recorded in a garage. We're thinking of using mostly SM57's for the drums with a differnent mic for the kick. A mix of mic's and direct for guitars and bass. With practice and work can we make our little studio turn out a good product (recording wise)? Will the O1V be an asset in our studio? Will this configuration even work? Thanks for reading and I appreciate any of you that can lend some of your experience to help us out.