Hey,
I setup my very first masternode yesterday. I chose Arctic Coin (ARC) because it is the cheapest masternode nowdays. You can check all these masternodes on masternodes.online or masternodes.pro websites.
After buying a VPS on Vultr, I managed to setup my masternode.
Today I read all posts on ARC's official bitcointalk thread. It turned out that devs are not active. (actually they are Russians, and they are not active in English, but they are developing the coin)
I know that financially this was not the best investment, but it was definitely a good learning curve how to setup a masternode.
Big shoutout to Fred Yen and Cliff onCrypto 
Everything else you need to know can be found Here