[Davis Hale]

I am apart of a band. We are looking to record ourselves, and would like at least a pretty good quality sound (but would love a professional sound).

The question is, what are some good mics/recorders for a small budget (our income isn't great, our budget would probably be in the $300 range)...

We're using Audacity as a music editing program, so our biggest concern is getting good recordings...
Any help?

P.S. If it matters, our guitarist is also our vocalist, and a lot of music we do is loud alternative/grungy stuff...