 Re: One Mic or Two?
I'd rather have one decent mic than 2 crappy ones, so if your budget doesn't stretch very far at the moment go that route. Get a decent LDC.
If your arrangements are going to be based around acoustic guitar mostly (which seems to be the case, judging by the influences you mentioned) I'd say get another mic when you can. I'd make this a decent SDC if I were you. There are plenty of great options for not too much cash. This will help you to get a good stereo recording of your guitar, or you can use one of the mics as a room mic. You can then still use the LDC for vocals.
I'd spend some cash on acoustic treatment too, but untill you can there are a number of things you can do with stuff in your bedroom that will help your recordings. Maybe not as much as decent acoustic treatment, but better than none at all. They've worked wonders for me when I've had to record in less than perfect spaces. Use a couple of blankets/duvets and build a small booth around you (use mic stands, chairs, etc. to hang them over). Matresses work even better. This is great for vocals too. It will kill most of the reflections from the room, which will most likely be bad reflections and then you can add in ambiences with reverb. These tricks got me by before I could build a good iso-booth
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