Thanks a lot man, I really appreciate all your help. Well I guess that matter is solved. Just a few last minor details to clear this up so I'm sure.
I'm running this all into my computer, but sound wise I would monitor it from speakers connected directly to my mixer correct? I wouldn't hook the speakers up to the soundcard would I? Just double checking.
And just wanna clarify this being possible, because I have money to buy this stuff, but it's hard earned and I don't want to !@#$ myself over.
Okay -- this is probably kind of a repeat but -- basically I could record all my separate tracks into Cool Edit (like 4 drum mics, would go in separate channels). So there, all my drums, guitars, basses, whatever are sitting in the Cool Edit multitrack screen, right?
Now I would want to be able to hit play and have them run back out the soundcard to my mixer, so I could adjust volume/E.Q./gain/whatever. So let's say I have all my levels for every channel down pat, it's all set.
How would I go about mixing this down? Could I hit play again on Cool Edit (but they would sound different, since they would be running back into my board and already be tweaked and going out the speakers) and send that 'tweaked' sound back into another track on Cool Edit as the final mixdown?
Or am I a total dumbass and just move around dots and lines in Cool Edit to adjust stuff...which I would rather not do. Phew, think I've asked all that needs to be asked.