Don't underestimate the use of "cheap mics." I picked up several really cheap mics at a flea market kinda on a whim. Their sound wasn't totaly bad but a bit tinny for most things. I tried them on cymbals, you guessed it, they worked surprizingly well.
Another mic trick (for bass drum) is to use a vocal mic, placed inside another bass drum with the front head removed, set about 5 or 6 inches in front of the bass drum being used, open end facing the drum being used. Gives a nice natural reverb sort of sound to the kick.
Slightly off track but if you want to get mic stands out of the way, take a desktop mic stand (the kind with like a 4 inch base) and drill 2 or 3 holes in the base, screw this to the ceiling, use a couple of goose necks with it and a mic mount. I added a few cup hooks to the ceiling to keep the cable up and out of the way. This works best with lighter mics.
If you have cheap mic stands which tend to pick up resonances (kinda boomy sounding) try wrapping them in pipe insulation to cut down on this problem.
For some interesting variations try using an old cassette deck as a preamp, sometimes they work, sometimes they don't.