Question: I've always wanted to have a home studio and I figured that with around 10K I could build a semi-descent setup. I'm interested in everybody's opinion on what is the best (Pro Tools preferably) setup I can put together for under $10.000?

Thx in advance!

Answer: 
Pro tools is great, but I wouldn't go for pro tools if I don't buy the pro-tools hardware.

[Reaper](http://www.reaper.fm/)(DAW) is awesome, works on many platforms (windows, mac, linux) and works great with any hardware. Best of all it's ridiculously cheap and very easy to learn.
I would definitely spend $120 or so and get a multi-effects processor for the guitars. I've been using a DigiTech RP 255 and couldn't be more pleased. I can get any sound I want by turning a few dials and its got some great pre-sets. It can be the equivalent of hooking a chain of effects together but without all the wires and space needed. Simulates different amps too.