I currently don't have space for a 4x8 HO layout and am looking for a track plan that is significantly smaller than 4x8 and can be portable, meaning easy to stow and not permanent, like a small table with folding legs. I want it to be a basic oval so I can run trains continuously with switches for industry/car storage. I also want to have it be DCC too. Could all this be possible?
Yes! Here's a web page with many micro size layouts.
http://home.wanadoo.nl/reinoud.kaasschi ... dex.en.htm
There are even layouts using just straight tracks.
http://www.carendt.com/microplans/pages ... dex.html#3
Here's a few by one modeler that's tours Britain to excellent reviews. You can compensate quantity with quality.
http://www.freewebs.com/model-rail-uk/
It's easier to do if you're using smaller locomotives and shorter train lengths.
Many N scale layouts are built on hollow door cores because they're very easy to move around and store. Most HO modelers believe that's much too small. But they're not if you think micro.....
As you can see, most micro layouts model a specific location on a railroad, vs a branch line or main line operations. I think that's what all of us should model in a micro layout. Good luck!