Eddie, I think you should forget software recording and get something like this:

http://www.ebay.com/itm/AKAI-DPS-16-Mult...=item1c21869bef

I've had one of these for about 4 years now. 8 analogue inputs for live recording and it can mix 16. I paid $600 for mine used, now it's $300. I know newer ones by Akai, Roland and Korg can handle 12-24 tracks of live recording and cost from $800-$2,000. They can do everything you want right inside the unit itself, no computer necessary but for me at least I convert my Akai tracks to wav's as one multitrack file and import it into Adobe Audition where the tracks are automatically separated for mixing. The new units can do a direct transfer into your PC via USB. I think some of these units can act as a control interface via midi too so you get a lot of bang for your buck.

And you have all those beautiful physical sliders and knobs to play with.

Bob

Biab/RB latest build, Win 11 Pro, Ryzen 5 5600 G, 512 Gig SSD, 16 Gigs Ram, Steinberg UR22 MkII, Roland Sonic Cell, Kurzweil PC3, Hammond SK1, Korg PA3XPro, Garritan JABB, Hypercanvas, Sampletank 3, more.