I'm a newbie. I've been riding maybe 9 months now, and I hardly ever rode a bike a child. My friends started getting into SS/FG's last year, and suddenly the idea of owning a bike seemed rather nice. I wouldn't have to walk to school, and I could ride with my friends. Also, as a poor college student, they struck me as quite cheap (at least the ****ty ones are), and totally within my means. I bought a SE draft from a local Performance Bicycle on a whim. I wouldn't say I regret it, I now love riding and can't imagine riding a bike without a fixed gear, but the SE draft is not exactly a high quality bike. When I first converted to fixed gear, I had trouble where my right side crank arm would loosen and fall off from the pressure of skidding. Pretty problematic. Back before I converted it from a single speed to a fixie I had my front break just pop off my bike when I when to apply it. I still have a front break (it's too hilly in Seattle and the idea of going around a steep hill because I can't control my speed annoys me), and it frightens me to think that it's popped off before. Since then I've added some parts and switched it to a fixie (replaced the problem crank arm, handlebar butchered off my old mountain bike, new wheels (aero velocity in the back, cheapish shimano quick release on the front), used selle italia SLR saddle).

Long story short. Summer is coming around and I want to upgrade my ride. I've heard that IRO makes good cheap fixed gear bikes. Should I
1) buy a complete IRO Mark V pro (they don't have frames in my size for Mark V) and sell my present bike for profit.
2) buy a IRO Frame (MVP or Angus) and continue down the path of slowly upgrading my bike.
or
3) follow some third option that I am at present unaware of.

(I'm leaning towards option 2 because I get to put it together how I want, and it's less of an immediate economic burden)

Thanks