Exactly what i did. The biggest price to pay (except knowledge, but this is HN) is the fact that my host uses a mains plug near my router. I personally use an old hp pc as a virtualization host but you can get started with a 40$ raspberry pi.

Then again for US folk this is untenable because of data caps that could be blown by dos attacks. Personally free.fr gets me 5Gb down, 1Gb up for 50 euros a month, so maybe some getting your internet infrastructure up to date is in order first.