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What is the best way to purchase Pro tools and computer in order to run it? I am starting up in creating my own studio and based on your advice and other positive input from many other sources I want to use pro tools and start creating my own recordings.

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With what goal in mind? Are you trying to record yourself? A full band? Get people to pay you so that you can record them? I think a goal will substantially help the answers. –  yossarian Jan 2 '12 at 18:39
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Sell your Pro Tools license and equipment and buy Reaper.

It's cheap, good and functional. With whatever left of this trade off you can buy some decent recording equip.

You can also get a UAD soundcard for heavy duty processing and analog emulation.

In short: If you have a limited budget you don't need Pro Tools.

Now, the rest of it - equipment, room treatment, brand of mics and etc we will need a little bit more input.

If you are recording Grassroot Folk/Blues as a one man band, you'll just need a single mic - probably something like a Shure or a MXL, a steel string guitar, a banjo and assorted percussion.

But if you're into choirs, you'll probably want to invest on 4 or 6 microphones and NOT use your studio as a recording environment - try talking to your local church, they are usually very helpful on this.

If you are gonna record a band, you still need to think how you will be recording - everyone together? Or artist per artist? Do you have space to have separated rooms? Do you OWN the building you're installing the studio? Is this a garage thing?

There are simply too many variables.

But I do repeat. If you have a budget you don't need Pro Tools. In fact, I can't find good reasons for anyone wanting to use Pro Tools.

EDIT:

You might not like Reaper, but there's Cubase, Nuendo and even Ableton Live. There's Adobe Audition and many more. AVID made a good job making an awesome name for Pro Tools, but for at least 5 years they don't have any special tech that makes it attractive. And then again, Universal Audio has an awesome Plug In library.

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As far as I'm concerned, you can not beat Reaper for value. Period. $60 for a non-commercial license is a steal. –  yossarian Jan 3 '12 at 20:13
    
And Reaper (AFAIK) has no timed-lockout nor feature-crippling when not unlocked, so there's zero cost for trying it out in depth before you buy the license. –  horatio Jan 4 '12 at 16:14
    
When I saw the title of this question I planned to recommend Reaper, too. I haven't much worked with Pro Tools ever, but I don't think I'd find much in it that I don't have in Reaper. I positively prefer it over both Cubase and Logic. — As for a UAD extension: I wouldn't recommend that to a beginner. Without some experience in sound engineering you won't be able to make proper use of such plugins anyway, in fact you're very likely to over-use them. The slim selection of plugins included in Reaper is ok for mixing for a start, and mastering should at any rate be done by someone experienced. –  leftaroundabout Jan 5 '12 at 0:00
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