I use a MXL V63M condenser mic that I got for $50 on sale and an Art TubeMP studio preamp (for phantom power) for $29 that works fine for me.

So you don't have to spend a lot to get started. But if you have the money, bump up the quality on the mic and preamp.

Edit: you can always check out the tunes in my links below if you want to judge the quality I got out of that setup. All vocals, acoustic guitar, ukulele, banjo and hand percussion were recorded with the v63m and the tubeMP.

Last edited by Kemmrich; 01/24/17 06:10 AM.
Now at bandcamp: Crows Say Vee-Eh @ bandcamp or soundcloud: Kevin @ soundcloud