6061 is the best general purpose alloy; I think the temper you want is T6, this machines, drills and taps very nicely. A somewhat more expensive alloy is 7075 which also machines very nicely. Don't get any of 5xxx series alloys because they can be difficult to machine nicely. 2024 is okay but probably way too expensive.
Do's and don't's?
Do use a cutting lubricant for all cutting, drilling, tapping and machining. You can buy a proper cutting fluid or use something like ATF automatic transmission fluid just by brushing it on along where you are cutting.
Don't cut or drill without making sure things are clamped down nice and firm.
An open mind is a virtue...so long as all the common sense has not leaked out.