How much would you pay for that - compared to existing VPN solutions? You can find cloud hosts or server rentals in Bosnia, Colombia or wherever fairly easily.
You can technically just get any ol' VPS and install the respective/relevant software on it. Just check that the VPS provider doesn't forbid torrenting/etc. in their ToS, I guess :)
I used to do this, but virtually all streaming sites etc block VPS IP ranges now. The beauty of OPs idea is that you get a nice domestic IP instead of one belonging to AWS/GCP/etc.
I've also resorted to putting tailscale exit nodes in foreign relatives homes with Pis in the past.
There are enough weird issues with pretending to be a domestic internet connection from a VPS IP that I've given up trying.
>Just check that the VPS provider doesn't forbid torrenting/etc. in their ToS
They almost always do. But many of them forbid only in tos, and not exactly do something about it