With Steam's authentication scheme for HL2, I'm not sure this is going to be so easy, or even possible. My idea would be to install HL2 on another computer, do the authentication thing, and then disconnect both computers from the internet and run in offline mode. Even so, they might not be able to connect to each other (same CD key), or run servers at all (no contact with master servers).
Whats about the dedicated server? maybe its even posible to install the dedicated server on a Hl1 account, withouth the need to pay other 50$ more.
My idea (source dedicated server 0 $) <----------------> (source client 50$)
Maybe its even posible to run a client on the same computer as dedicated server, with some trickery, and use a dual monitor setup :D
The dedicated server can be downloadable from command line, you dont need to use the steam gui. Maybe can be even remotelly managed (lol!, its a server after all!)
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