I hope this helps! Please don’t be discouraged by editor’s rates. Many of them do this full time or to supplement their other income with their business. The quality of service is not necessarily tied to project cost, but hiring anyone who is a contractor or freelancer often means you’re getting one-on-one personalized attention you might not get if you worked with, say, just the editor of a publisher who could see your book as a quota to fill. Just my two cents!
When you get that email, particularly if it's your first book, make sure you are well-rested and in a positive frame of mind before you open it. If it’s your first book, the editing process will be hard on your ego, but remember, the editor’s job is to make your book better and help you learn the craft. You are paying for them to give you critical feedback, not to pat you on the back and say ‘good job.'
So because of this and because I don’t live in NYC or LA, I decided I may have better luck writing a book, which I have been doing for several months now and enjoy; however, I know it needs work and I can’t go back to the 5th grade and pay better attention to the simple “put your period here and comma there” lessons so I was hoping to learn as I go with reading, writing and seeing my finished product after hiring an editor.