Also adding to my last reply.

We're still looking into renting, aiming at very cheap very small areas. If it comes as too costly we will have to get back to our drawing-boards.

We don't plan to start big at all, thinking of a rig with around 6 GTX1070s (Ti maybe?).

As such the profits per month, if our math checks out, is only just above a hundred dollars each (at the current Bitcoin price) once the costs have been paid. We plan to (if proven to be worth it) slowly scale on this setup, getting in more income.

Edits : Clarification

Thanks for your replies and the sound advice.

We were thinking of dividing the profits into segments, part of which goes to paying the costs, while another part goes back into coin investing. This way, eventually the percentage of fiat income invested in crypto each month is replaced by the miners themselves, in doing so enabling us to keep our money in our pockets, while still adding money to our portfolio.

What do you guys think?

I know this probably got asked a million times by now, but I seriously can't get my head around this and need advice from some experienced in the field.

Ok so basically I've been investing in Crypto for the better part of a year now, I have a diversified portfolio long term hodling multiple coins. I have made profits off of this and still am. A couple of close friends and I were thinking of taking it a step further and build our own mining rigs. Between us the initial cost would be somewhat minimized and in time we could scale the rig and keep adding to it, increasing profits..

We were planning on renting out a place and build our hardware there, checking on it once a week or so and using remote desktop, sensors etc to keep an eye on it from home. We decided to rent out so that one it's fair on everyone and two to avoid noise and excessive heat in our homes (we do have a tough summer here).

We have punched in the numbers, considered our monthly costs, and can confirm that it is profitable for us, dividing the profits as necessary. My dilemma is this: I invest a small amount of my income each month into Crypto. What advantages would I have in buying and using mining hardware instead of just outright investing. I've done my research and I KNOW that mining is way safer, you can mine different coins etc, but that doesn't seem to do it for me. Is there anyway that mining could be more profitable than just outright investing the money which I would have otherwise spent on the hardware? We were thinking of using NiceHash as our mining software by the way.

All in all I know that mining is fun, it's like a business, and we would be giving back to the community. However is it worth it, at least in the scenario I described above? The best way I'm seeing at the moment is to re-invest the money made from the mining (after costs) so that as such you would be both mining and investing that which you are making.

Advice on this? What would you suggest I do?
Thanks.