So, I am not trying to steal someone else’s thunder so I will just provide a link to their page.
The ONLY thing I would add here is that their recommendation for a great WP server is really expensive.
I’m not one of those guys who buys $5/month websites either. They list their professional plans at $99/month and $249/month. They have limited installations that are allowed and you don’t have your own server. $99? Well, OK but for $249 you can buy yourself a really great, managed, dedicated server with money to spare and no limitations. You would have to do the updates on WordPress yourself but dang, that is so easy to do, why even bother to pay for it? > Just sayin’
Otherwise great article.