Looking to build a system for under $5k

Spatial Audio M3 Turbos, a PS Audio Sprout, and a decent CD transport can keep you well under $5k.  AQ cables.  Done.

I'm running a Sprout with M1 Turbos, and loving it.  Old Theta Pearl transport, old MIT cables.  Li'l Sproutie has plenty of power to blow you out of the room with the highly-efficient M3s.

You can buy a lot of good quality used gear for $5K.

Here's an example of a system that would allow you to get into playing digital files at some future date. Total spend on gear is estimated at $3,550, and decent (but not high end) cabling at $1,450. For cabling, there are a lots of used deals in the price range I quoted.

All prices for the gear below has been found on either Audiogon or USAudioMart. With a bit of negotiation, you could pay less.

Doge 8 tube preamp - $1,000
Teac UD-501 DAC - $600
ADCOM GFA-555 monoblocks (600 W) $550
Denon DVD-2900 SACD/CD player $200
Yamaha NS-1000M speakers  $1,200

Sub-total: $3,550
 
cables:
Wireworld Equinox 7 speaker  $500
RCA interconnects (3 x $250) = $750
 Coax (digital) cable $200

Sub-total: $1,450

Grand Total: $5,000

Enjoy the search!

I live in HI where there are 2 dealers, neither of which is open most of the time. Since my in-laws live in DE I looked there and found Overture Audio, one of the best dealers in the US. They sell the full range of stuff from entry level to Devialet, McIntosh, Hegel, etc. I have bought one item from them over the years and spent hours there listening to different things. Might want to check them out. I also bought equipment from Quest for Sound in Bensalem, PA. I wanted to hear Kef LS50s. I spend a day there and got great gear at great prices with a no pressure experience. In fact, when I mentioned upping my purchase of a Marantz amp to the Reference level they suggested I listen more as they didnt think it was worth the increased dollars!

Audiogon was partially born on purchasing used gear. $5k will build quite a system buying used.

ML Theos loudspeakers
ML Depth i subwoofer
PS Audio NuWave DAC
Dennis Had, former CARY AUDIO, Inspire Firebottle KT88 amp, Inspire LP2 preamp
Marantz TT1S1 turntable w/ Clearaudio cartridge

Entire system under $5k. There's too much depreciation in gear for some of us to buy new. If one has money to burn, then obviously one isn't bound by $5k.

Hi Joe , Lots of advice given . Try to keep this in mind .
You Will change things !  it happens to all of us .

Lots of trial & error - then success .  You will hear things  especially speakers in sound rooms - they will sound great .
a] pay attention to what components are be used to drive speakers ?
b] acoustics in these sound rooms are tweaked - usually big time .

I'm very familiar with you type of bedroom - lots of angles , lower ceiling  ,  etc  . Placement will be critical .
Finding a pair of speakers is critical but will be hard until you hear them in your room you will not know for sure . 
I'm thinking [ and have been through this ] a speaker with more of an open sound will fill room nicely 
I went through box style  like KLH5's , Spendor A5's ,Golden ear 5's 
Magnepan .7's    
Right now I'm using & quite happy with an older used pair of DQ10'S 
They are not necessarily better [ the spendors & maagies were great] but they SOUND better in my room [ its a basement with a low ceiling and has proven to be a real pain in the a$$]

You may do well to start with some basic [ less $ ] equipment and find your sweet spot

one thing that has been mentioned - Blue Jean Cables -  very good all you'll need
also I'm a big fan of Rogue audio - the newer Sphinx is a real good " best bang for the buck" int amp ..

Good luck & don't forget to Listen to the Music ! You will get caught up listening to equipment .