I would like to suggest that you can also focus on other countries/areas for providing hosting like APAC(Asia), mostly there are quite few of them in there(Apart from Singapore). Also, idk which type of hosting you are doing, but if you are doing game server hosting, DDoS protection will be a must for the servers.
I personally don't think it's a good idea for many reasons. The market is overly saturated and will be tough to compete with larger more established brands. Unless you have something unique that will make people favor you over established brands. But, with a $70/month budget, I don't think it will be possible to create something truly unique. With that said, I would still try it if you have the desire. Just know going into it you could have already lost your money. Nonetheless best of luck deciding! :tup:
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