Frame painting advice needed

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I have my frame stripped down, and I am ready to paint. I am wanting a daily driver not trailer queen. I steam cleaned the frame and it has no grease and light surface rust with alot of the factory paint still on.

My question is, I will probably spring for the 100 bucks to blast the frame and would like to paint vs powdercoat due to the price difference. What paint should I use that won't peel and rust thru? Looking for an economical way to get a good finish for a driver. Looking for someone who has used the product they will be recomending.

Thanks