:D Boy you guys seem to me to be overdoing it. Reading what you`ve just written has confused the life out of me ! :lol:
Get a Zoom 4/8 track digital recorder. There`s some sound clips in the players section that were done by a guy called steve. He used a Zoom 8 track if I remember correctly. It has a built in drum sounds which are programable. It also has some built in guitar sounds which sounded prety good as well i`ll think your find. A descent guitar cable, a descent set of headphones & your away. You can even use it with the headphones on to hear yourself whilst practicing. You only need a mic if you waant to record through amps etc,vocals ,bass if not why bother ? As for monitors[speakers] only get them if you want to be heard. Again if not.....
Hope this helps in some way.
:D 8) My apologies to anyone who already replied if i`ve miss read what they`ve written cheers