I picked up the following equipment last week for a decent price off Craigslist. Obviously, it's in need of some TLC and even in some cases modification and repair, but I think I can make it work for a while.
Powerhouse Club 1950 Bench and attached rack (Incline, Decline, Flat)
Misc Weights (2x45 2x25 4x10 2x10) not all matched pairs cry
Convert Bench to free standing (done)
Raise the Rack ~8" so that I can also use it for Squats.
Build some Safety bars which are adjustable for Bench and Squat.
As shown, I have added a set of legs and converted it to free standing. It still has the ability to be set at incline, decline, and Flat. I also have a leg lift attachment, which is in the corner. I think it is missing a few pieces, but I'm not completely sure.
Don't worry, I won't be using the rack like shown in the pic (sitting on Bricks). This is only to test height and verify how much taller the rack needs to be. I will have to make a set of Legs/risers to this height.
At the height shown, it's just tall enough to use as a squat rack, and on the lowest setting, I can comfortably get the bar out of the rack when Flat Benching. I will lose the ability to Decline Bench though, but that doesn't really bother me at this time.
Most of the mismatched weight plates. I'm still looking for a good deal on a few more plates, especially some 45's.
Excuse the mess, I will have to reorganize the garage once I complete all the mods to the equipment.