Nas/Media server and Render Node

[Doomreaper]

I would like to find a useful home server solution for my first home.

 

I was already looking into an UNRAID server solution for my ever expanding amount of scuba footage, 5TB and climbing, while digitizing my wife's DVD and blue ray collection onto a media server as well.

 

I have found that more and more old dual xeon servers are dropping onto the used market for cheaper and cheaper.

Would a SuperMicro 4U CSE-846 24 Bay SAS2 BP X9DRi-F/2x W/ 2x E5-2630Lv2 16GB IT MODE ($369.99+$68 shipping) be enough to start this process?

 

I am planning to up the RAM to atleast 32GB and dropping in an MSI 1070 when I upgrade to use as a render node for Premiere Pro and After Effects.

 

Any ideas or info would be greatly apreciated.