Thanks everyone for all the suggestions. Out of all the recommendations, the Schiit Modi Multibit was mentioned several times. I emailed Schitt and they said confirmed too my iPad will direct-connect into the USB--so long as you use the Apple Camera 3 connector, not he original camera adapter.
So in looking at Schiit's DAC's, I see to there is a Bifrost model. I wonder then: Does anyone know how a "standard" Bifrost would compare in sound quality to the Modi Multibit? Reason I ask is, there is a used Bifrost for sale now here on A-gon. If the sound is better, perhaps I could pick it up somewhere in my price range. I read too the Bifrost can be upgraded. However, that would be later down the road. If the Modi Multibit sounds better than a "standard" Bifrost, then I will just go for the Mimby.