I bought my first 2 domains and signed-up for vps hosting. I hope this is the first step to something very rewarding.
From my own personal experience over the past several months it is very easy to take on too much and try to get every idea you have built. And, the building isn't the problem...it's the promotion. SEO is a long slow grind in many cases, and things don't happen overnight in the competitive niches unless you already have a lot of resources.