I live in Oakland, CA and last year I had moderate success playing live local MTT's at Livermore Casino, The Oaks Club, The Palace in Hayward and Lucky Chances. The buy-ins range from $65-$230 with most around $100. My favorite was the Lucky Chances daily which costs $120 for the full buy in/rebuy option and guarantees $2500 for 1st place.
I'm not working right now, so I have the time to play these live MTTs as much as I can stand it, but I really don't have the bankroll to play as much as I'd like. Your 60/40 split sounds fair to me.
A little about me. I'm 47 years old and I've been playing hold em since I was 21. Over the last few years, I've really studied the game and I know I've improved. Many times at a tournament, I feel like I'm the best player at the table.
I do have an online account with betonline if you want to go that route, but I'd rather play live.
thanks,
Joe Lazar
jolaz69@gmail.com