Brilliant Read, I've used Esxi and Hyper-V, good products, but I do have a inner love for Xencenter..

@dafyre Hey, all good here, just had me lunch, eggs on toast....Eggsellent

Great post, I used this method about a month ago to create an offline install as well, was a lot quicker then keep downloading directly from 365, especially if you have not got a quick connection and install office regularly on users machines. When you first run office it ask for an activation key and under the input box is a link saying activate using an email address, you then just enter a 365 email address which has the relevant licence attached.

Here is my homelab, Xenserver 7.0 running on Dell PowerEdge T110 II
16GB RAM, 500GB single drive
Synology Nas
Netgear Smart Vlan capable switch.
Few ubuntu servers and a windows server 2012R2 template.
All setup on some funky old chest of drawers lol.

Thank you Scott, and hello everyone