Wow, I am not going to write as much as you guys did in response but all of the info you gave me is great and helps quite a bit. I am currently in the market for making my first studio so I don't have all the equipment or anything like that yet, as for the tutorials I assume Cubase is a program on the computer and it will come in handy as soon as I get some computer compatible equipment.

Alright now onto the information I need for the current stage I am at (since I didn't tell you my budget and all that.) Right now I got about 500 dollars that I have saved up to start investing in the said studio. What I really need is the name of some products for each part of recording that I can get on the budget of 500 dollars. Thanks again for all previous info and I will be sure to check out the tutorials as soon as I get some equipment.