The range of what vendors provide for a VPS servers are all over the map, and some have "features" such as burst memory, which is a euphemism for we restrict the memory you can use and, under very specific circumstances (that don't apply to BigBlueButton), we'll temporarily give you more memory.
Others, as you've seen, restrict the number of processes -- and to their credit they gave you an error message to that effect.
If you can, we would recommend you use a dedicated server for BigBlueButton. There is no shared CPU no artificial restrictions that stand between BigBlueButton and the server.
I think if you use a dedicated server, you'll find the installation process will go *much* smoother.
Regards,.. Fred