okay, ive been a hermit for over 2 years now so i think i should be the one replying to this.
first of all, when you search a place to settle you're just gonna have to try and find some nodes. preferable clay node. water nodes can be nice too. also you might not want to live on low q soil too so keep an eye for that. even more perfect would be to find a cave, but an open cave without claim is very rare, just like any node accually.
as for the lp, you're going to have to spend the lp on practically everything eventually. ofcourse some things can be held for later, like smithing for when you get a mine hole.
you might need to spend your first few lp on exploration and the basic skills. after that you'll nee to think about quality so you wanna raise farming and survival. also unarmed combat can help to defend yourself at leat a bit in this cruel world.
eventually you wanna buy every skill, but just keep it with the basic ones for now, just see for yourself which ones you need when.
and for extra info i recommand you to try to get metal asap. also build an idol for trades as you will need to trade ALOT. Hermits have almost no access to certain thkngs like high q clay, so you'll hve to trade.
good luck living a hermit life! it's a challenge, but a fun one!
