Well all I need is a set of bars, a set of wheels, a chain, a seat post and seat. The bars and seat/post would probably be scavenged from older bikes or dumps, which leaves me down to a set of wheels/tires/tubes and a chain. I have no way to order anything over $200 dollars online, and the cheapest track bikes at my local bike shop are over $600.

Also, if I do decide to get a better frame, I can take just grab the bars and wheels and transfer them to the other one.