December 18 2012 10:32 PM
As far as free goes, Audacity is the best. http://audacity.sourceforge.net It will do most things you will need short of actual mastering. I have done many many recordings with less than desirable equipment.
Audacity will do wonders as long as you understand your audio basics :) The noise reduction tool is one of the easier vs. most effective filters available with any software.
If you need specific help, I'll try to give you a hand with it, message me your email or im or something!
I made this recording with Advocate using all live instruments in a garage with a single condenser mic sitting on a drywall bucket in the middle of the room. I had 2 mics on the drums (bass drum/top 2 toms). Mics were run to a peavy 4 track mixer, then output to a fairly junk PC, PCI sound card, WinXP, and Cool Edit 2.1.
Having the mixer gave me some power to control the sound going into the pc (i had a 5 band eq on each channel) but overall it just provided the means to output all the mics to one source.
I only put the mics on the drums because they didn't come through enough in the mix, it was all symbols.