Last week I had a question here about suexec / suphp but I tried to accomplish too much. I'm going to narrow the scope a bit and try again.

I'd like to configure a LAMP server to host multiple clients. I'd like it to seem (from the client's viewpoint) just like any other shared hosting environment. Web sites in their home directory, no need to muck around with file ownerships to get pages served, etc. It would seem that a configuration that involves suexec and suphp is the way to go(?)

I'm specifically looking for a current/modern guide on how to accomplish this (I'll be using CentOS if it matters) and I'm afraid I need more than a link to Apache docs. Are there any good How-To's out there? The few I've found have been pretty out of date, but it is quite possible my search was weak.