As far as tips go,I can tell you what I do:
1. tune the drum to a satisfying sound.
2. position a SM58 approximately 1 1/2" from the top rim, at a 45 degree angle, pointing to the center of the drum head.
3. whack the drum fairly hard, and adjust mic gain/level accordingly so it does not distort at it's peak.
I never compress when recording. If you do decide to compress when recording, start at the lowest setting and work up from there until you get a level you're comfortable with. If possible, make a test recording with each instance of major tweaking and listen back to see where you're at.
Hope I helped at all.