I would say take the shed, you'll find some use for it. I have contemplated this question also. I have a 20' x 11' basement shop, thats quickly loosing space. If you live in an area with a harsh winters (say the Midwest), does it make sense to heat the shop through the week if you are only working in the shop on the weekends? Or do you run the heaters just when you are working in the shop? What kind of heaters are recommended (radient, wood stove, etc.)?
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Quality is what we do, YOU will do it too, from day one. We will teach you all stages from choosing hand tools, to picking out wood, to developing your drawings, and building a portfolio of work. There are lots of workshop schools, courses, and magazines that are great for showing you an amateur way of getting a good result. An amateur has no excuse for poor work other than lack of understanding, the amateur has all day to get it right, the professional has not. They must do it right, first time, every day.
Linseed oil sitting in a bowl, or spread on the surface of wood, is perfectly safe. But a linseed oil soaked rag provides a vastly increase surface area, so the oxidation happens faster, and the rag can provide insulation, trapping the heat. The increased temperature speeds up the oxidation even more, which raises the temperature even more, and the runaway feedback can quickly result in temperatures that will cause the rag to spontaneously burst into flame. This isn't one of those "do not drive car while sunscreen is in place" warnings. This is one of those "keep your finger off the trigger until you have the gun pointed at something you want to shoot" warnings. Rags soaked in linseed oil will catch fire, if you don't handle them properly, and they can do so far more quickly than you might think.
When you have the other leg seated, the threaded rods will extend father than you want them to. You'll want to mark them so they can be cut to length. Place a washer and a nut on each threaded rod, and then tighten down the nut to pull everything tight. Depending upon the wrench you are using, and how much longer the rod is than it needs to be, you may find it necessary to stack up a number of washers, so that the nut is positioned where the wrench can operate on it.
I had a similar experience with running electrical power to a shed. It turned out that I could build a 12x12 shed without a building permit as long as I did not run utilities, but getting a permit opened a whole new set of requirements that forbid me from having a shed at all. And when the nosey old woman next to me kept calling the building inspector on me, it was suggested that I could run an extension cord out to the shed anytime I wanted as long as it wasn’t fastened in a permanent manner.
After I left the magazine for a new job, I did all of my woodworking in my small two-car garage, but it was a struggle. Power, lighting, and temperature control were limited. And because I shared space with our cars I was always moving machines around, often while in the middle of a project. On top of that, my tool and machine collection had long since eclipsed the space. For all these reasons, fixing up the garage wasn’t an option. My finished basement is a family room, so it was out, too. An addition to the home or a stand-alone building would have been too expensive. I had to find a better path to a shop.