Pro audio manufacturer Focusrite has developed a new product called the iTrack Solo that provides you with a two-channel interface you can use right with your iPad.
While recording music in a professional studio will yield the best results, the cost of purchasing studio time can be prohibitively expensive. Thanks to falling equipment prices, high quality recordings can be made from the comfort of your own home for a fraction of the cost of studio time.
Unless you're blessed with concert promoter friends, scoring a location for a gig can be harder than actually forming and rehearsing with a band. So rather than dealing with the nightmare of paying to play, create your own DIY venue.