Setup for $1000? (not including Computer)

[Big Monday]

I own a Compac 5460. Amd k6-2, 475mhz, 8gig hard drive, 96mg of ram. I can also scrounge up about $1000.
I will be recording acoustic music. Usually we record the rythm guitar and lead vocal together and then track everything else on top. So I would like the ability to record 2 tracks simultaneously and will need about 8 tracks total.
I guess I will need mics (2) a soundcard (I was thinking the wave 424) and some software (such as cakewalk or cool edit)?
The end product will be sold in coffehouses and small pubs where we gig so I want it to sound nice enough to sell but doesnt have to be industry pro sound.
Can this be done?
What else do I need?
Thanks for your time and patience with this newbie!

 

[Eddie N]

this is a difficult question because of the generality of it... not much time so i cant elaborate..

rode nt1 mic - $200
wave 4/24 - $300 ( make sure its compatible with your amd chip first )
art dual mp preamp - $250
n tracks - $50

that leaves you $200 bucks for another mic and me out of ideas.. anyone else have suggestions on a second mic ? or anyone have better suggestions ?

- eddie -