Price and time are not an issue. Ha if I was looking for a cheap drunk I could handle that easily. I'm just trying to learn a little more than I know (which isn't alot). Also I have a book with some recipes. Some say rack into secondary. Is that absolutely necessary? I still have one fermenter. I'm guessing you want to get it out of the spent yeast to lower chances of off flavors if you need it to sit for some time?
Sounds to me like you've got the right mindset so far
Regarding secondaries: many people on this forum have dispensed with secondaries except for certain special circumstances. Having done both, I can say that they have some advantages, but that 80% of my beers are primary-only and average 2-3 weeks in the primary on the yeast with no ill effects. Many go longer. YMMV.
In regards to your earlier question about balancing alcohol, you've got a few options.
1. If you're looking for pure extract brews and going down the I/PA road (which I also love!), one easy answer is high hopping. By some definitions, a Double IPA is one that ups the alcohol to about 8% and generates somewhere north of 75IBUs by adding hops. I'd read about late hop additions, hopbursting, whirlpool hops, etc., to see how to get the most flavor and aroma from your hops. That being said, what you'll get--at least early on--is probably a harsh, bitter hop-grenade.
2. If you want to try some partial mashes (all you need is a bag to steep grain and some pre-milled grain), a better-quality way to balance alcohol (and hops, for that matter) is to increase the "maltiness" of your beer. Most basic American beers use simple 2-row barley because it's light in color and neutral in flavor. Pale extracts use the same. But there are all kinds of other grains you can use: maris otter (British) or continental pilsner (Belgium or Germany) base malts will add flavor, as will any number of specialty grains. Victory/Biscuit malt give a, well, biscuity flavor; Munich and Vienna malts bring some sweetness and breadiness; Caramel malts add--surprise!--a sort of caramel sweetness and, depending on the darkness, a sort of raisin-y flavor.
I'ma stop now.. but have just hit the tip of the iceberg on this. So you can see there's all kinds depths to plumb AFTER you get your basic game dialed in. Hope this is useful.