Jay McGraw

Dr. Phil's son wants to be the next KING in the world of female bodybuilding ... with a little help from daddy ... this according to a new lawsuit. Phil's kid -- Jay McGraw -- is being sued by a hot blonde fitness instructor named Holly Holton ... who claims she created a gym program geared…

Dr. Phil's son Jay McGraw doesn't live in a sick $30 million mansion like his father does -- his new pad only cost about $6.5 mil. It's a hard knock life! Jay and his wife Erica (of Dahm Triplets fame) put the finishing touches on the purchase last month ... securing the six-bedroom, 11,128 square…