Earlier quoted context omitted.
You have to deal with a lot more stuff. You have to order/pay for a server (capex), mount it somewhere, wire up lights-out-mgmt and recovery and do a few more tasks that the provider has already done. Then, say if the motherboard gives up, you have to do quite a bit of work to get it replaced, you might be down for hours or maybe days. For a single server I don't think it makes sense. For 8 servers, maybe. Depends on…
Have you done this yourself? If you haven't I think you'd discover server hardware is actually shockingly reliable. You could go years without needing to physically touch anything on a single machine. I find that people who are used to cloud assume stuff is breaking all the time. That's true at scale, but when you have a handful of machines you can go a very long time between failures.
Using something like AWS can make it easy to assume that servers don’t fail often but that’s because the major players have all of that behind the scenes, heavily tested, and will migrate VMs when prefail indicators trigger but before stuff is done.