Price for renting server and buying domain name. Mainly, I have low income.
Unsure if it be single-user instance or if I want multiple people on my instance.
If my instance is for multiple users, if I be the best fit for moderation as well, pitching it to non Fedizen (whatever you call people that use the Fediverse) as well as the theme of the instance as it would effect my Fedi software of choice (eg. Friendica, Mastodon/Glitch)

I just worried that I try just do it immediately without planning things out or have whatever things in mind which might otherwise help me know what's the best choice and not be upset that I wasted my time and money on something that didn't work out for me.

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[–] Tealk@rollenspiel.forum 3 points 1 month ago

I didn't give it nearly as much thought before I started.

In terms of price, you can set a very low price for a single-user instance. Hetzner and Netcup, for example, offer very affordable VPS (these are providers I know of, but there are certainly others).

I don't see open registration as a problem either. I've had it for years, and when I get waves of spam, which is very rare, I switch to moderated mode, otherwise it remains open.

I would host software according to your preferences. I should have kept Friendica running and turned off Mastodon, but that ship has sailed for me.

For a single-user instant, it might be interesting to connect to a relay; it is important that it is moderated. Fedimins offers such a service.