A dedicated server is a no brainer. You can get a managed server for just over $100 a month. ( 1and1.com has them for $109 ) For one price you can add all of your domains. I run over 30 domains from my server and had 0 downtime for over 3 years.
I run a linux server with a plex interface. use a service like godaddy or webdomains4u and you can add domains for about $9 a year total cost and it takes about 2 minutes to set it up and have your new domain running.
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