I think this would be a basic guide for anyone who wants to invest in masternode

[andy16]

I think this would be a basic guide for anyone who wants to invest in masternodes.
Establish your budget and reason for buying a masternode.

Focus less on the ROI, especially early on for any coin in the first 60 days.
Research and engage with the communitity for that cryptocurrency via their engagement platforms(Discord, Telegram, Reddit, etc).
Review the masternode setup guide provided by the team of that cryptocurrency.
Acquire the stated collateral needed for a masternode via popular exchanges like CryptoBridge, CoinExchange, Crex, SouthExchange...
Setup a VPS(Virtual Private Server) to function as your masternode. Services like Vultr are great!
Each cryptocurrency will have masternode install guides linked from their website. Use those and follow them closely to get setup.

Add your new masternode to free masternode monitoring tools: Masternodes.Online
The most important thing to remember is that masternodes are long term investments so focus less on price fluctuation and more on engaging with that community.

What do you think?

[Hughesy26]

Yep, I would say this is great advice.

I would also add you should look at price history to check the price is fairly stable and their is a demand for the coins you're MN will generate
Also consider if shared masternodes are possible. This could be a good way to reduce your initial exposure for a small (say 5%) fee. I would only use official shared MN services though!

[r1a2y3m4]

This is a great advice. I've heard so many people talking about masternode. That's why I'll do enough research for this one and invest for it.

[fvb]

Good advice .  I became interested in it quite recently.  Although I heard about it.  I think to continue studying and investing.  The topic is very interesting.