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What should I consider and what should I avoid while choosing proper hosting?

You should avoid shared hosting. That's a no-brainer. But for some reason, people still fall for the trap of super low price. It can barely work when no one visits your website. And when you have somewhat decent traffic- forget about it, the state of a permanent crash is unavoidable. What you need here is VPS, it is cheap if you know where to look for it and effective. Here's a great one https://bluevps.com/vps-russia/

These are great pieces of advice thank you, my friend. And special thanks for the link. It is better than all the others I've seen in each and every way.