Yeah, I think that I'll try an talk the seller down. He says he has 2 other ones as well that he would be willing to sell at $100 but if he wants $250 for this one, I can't imagine the others would be in the greatest of shape. I'm going to check them out today, so hopefully my haggling skills aren't too rusty and I can come out with a decent bike. It's nice to hear about the success you guys have had with this type of conversion. I figured one of the first "upgrades" I would do is to replace the wheelset with something lighter. Since 700c wheels are smaller than 27", I would be fine with that swap, correct? Anything else that would be a necessary swap right away?