We are not pros....but we get "good sound". I mic my guitar cab with a cheap peavey vocal mic, and run it into my fostex digital recorder, and I get a better guitar sound than most folk's I know with all the fancy computer recording software, and expensive high-end mics. People cannot understand how this happens, but there it is....No fx pedals at all. I get a bit too much bass sometimes. But I manage to control it, somewhat.
I plug the bass straight into the same recorder for the bass tracks (NO D.I. box), with good results.
We never have enough mics for the drums, but still manage.
I have much better sound with a fostex doing this, than with a tascam.