Using Ableton Live as an FX Unit for guitar - YouTube
A short tutorial by Matt Ridgway/Winterpark on how to set up Ableton Live as an FX processor for live instruments. It also explains alternate routing options...
Home Recording Studio Build It Like The Pros
(Second Edition) by Rod Gervais . This book teaches you how to do all these things, from building a professional home studio to saving thousands of dollars in the process.