This may sound stupid but I do none of the things you all do. I have an iRiver MP3 recorder that has a line in input for recording. I can record up to 4 hours of music from any source and then upload it via USB cable to my PC and it's already in the MP3 format.
If I need to edit the wave because I have dead space before the music starts I use a free program called "Audacity" for the edit. It's simple and quick to do. If anyone wants this program just drop me an email and I will send it to them via email. (Email:
Johnogara1@comcast.net)
I just connect the output from my karaoke Amplifier to the MP3 player/recorder (requires an inexpensive cable adaptor) and record everything live. If the mix sounds good from the amplifier, that is what you will get in the recorded version.
I got the MP3 player/recorder at Best Buys for $99.00 after a mail in rebate of $20.00.
Of course this may not produce studio quality results but I am amazed at the results and I bet I have a lot less invested in equipment.