What localhost software are you going to use? What tb version are you going to install?
It's real simple to do this. First install your localhost software, like Wampserver, and make sure its working by going to the localhost default site. Setup an alias to host your tb site. Setup a database, and user WITH password. Copy all the tb files to your alias's folder. Then run the tb install, and use your db name, user and password that you just setup.