and how easy is it to set one up?
first off you need unix based server software since windows servers are way to unstable you probably ought to have a dedicated server computer with huge ram and a decent processor and a couple of tigs of h/d space. which will more than likely cost a couple of thousand bucks for the hardware a static ip address and top of the line bandwith i.e. the max your isp offers. and you do all this so other people can user your machine.
Do you really intend to pass such an expensive and complicated process? You should know your site would be unavailable whenever your PC is turned off, and you're leaving yourself open to attacks. So I recommend get a reliable company to do that in return for a few dollars.
One of these services is reachable at: http://bluehost-service.atspace.com . As an experienced webmaster I’m sure it would work for you and fulfill all your requirements. Their service is really great and easy to use.
The other option is to get a reseller hosting account. Here's a list of cheap reseller plans: http://www.hostingdiary.com/2008/04/cheap-reseller.html
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