I’ve finished the server migration and everything was successful and only maybe 30-45 minutes of downtime. The old computer I’m using for a server got an upgrade while I was migrating as well. A little faster processor and doubled the memory in it.
I did run into a problem with ESXi, apparently since the motherboard was older in the server ESXi wouldn’t install correctly onto the drive I had in there, and the motherboard also didn’t support booting from USB to install ESXi to a flash drive, as suggested by a few sites. So I scraped the idea for ESXi and installed CentOS 5.4 on the server without any desktop managers and disabled everything except a few essential services, this netted a server using less than 200 MB of memory. Then I installed VMWare Server 2 on it and transferred my VM image over to the server. Although there is more overhead having a complete OS and VM Server for my purposes it should be fine.