I have people doing that with our $99 dedicated server
2 x 2.0 GHz, 1 MB cache Dual Core Pentium
RAM: 1 GB DDR 3
IPs: 5
Storage: 250 GB SATA II
Bandwidth: 3200 GB
OS: CentOS Standard – Others available
Panel: DirectAdmin
Uplink Port: 100 Mbps
$99/mo no setup
http://www.gotwebhost.com/dedicated-servers/