It requires a decent machine (cheap if refurbished), foobar2000 (free), and the drive to learn how to use it (also free). That’s it. Then you can rip away into any format, bit depth or sample rate you want.
ps don't rip to an HD; use a fast SSD, M2 if possible. If you can't boot M2, mount one on a caddy and put it on the PCIE bus for music storage. The fast access will leave more time for your music processing. And foobar2000 has a ramdisk component so you can put your tracks into RAM for even faster access.