I play lead guitar for Almost Ready. We don't have a studio or expensive gear. Our vocals are amplified through a "princess" karaoke microphone boosted with a pedal and sent through an old guitar amp. We have no mic stand so we tape the mic to a lamp and kinda lean over into it.
You can see my gear on the other page on this site and check out Almost Ready, unmixed, and live from Gary's basement where we had no audience or drummer (And Aje who is mentioned at the beginning would be my twin brother) right here: http://www.reverbnation.com/#/almostready