Many of my bike flips have been not dissimilar. I do plenty of work on many of my bikes, and some I just clean up and put out on the lawn, as long as I have others out there too, and I'm always surprised that people buy bikes that have had no real work done on them. Of course, while I priced them higher than what I paid for them, they are not priced anywhere close to what I'd get if I had refurbished them.
What really bothers me is when the bikes I restored to original luster, and they sit unsold for months.
A question for Randyjawa -- how do you manage to find such high-end bikes in the town dump? Isn't the population of Thunder Bay only a few thousand, if that? Seems like you'd have found all the bikes already.