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Right, unless you have the experience in managing your own server, otherwise, it will cost you problem. Eventually, you will cry like when my friend face.
When the server goes head wire and down for almost 7 days, all the clients demand for refund.
Unless you do have reasonable knowledge and than you have the financial ability, then, you should proceed to get a dedicated server.
Or alternatively, go for a provider that provide server management, but it is not cheap.
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$39.99/year Domain + Hosting management
Multi-Domain Name [reseller account] from $4.50/month
Servers at NAC, USA
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