That's what we're doing over here via @spacehost
You don't need to be rich or technically skilled to start your own server on Mastodon or the rest of the Fediverse."Managed hosting" means a company hosts your server and also does everything technical for you behind the scenes. You pay them a small monthly fee which covers everything.
I've done a guide to setting up a Mastodon server through managed hosting for non-technical people:
🌱 growyourown.services/making-yo…
Most of this guide applies to creating any type of Fediverse server.