I've cold-set maybe a half-dozen of these frames at a non-profit shop. I love getting these out of the waste stream and think it's worth the effort. But I wouldn't do it at home and with new retail parts. You really need access to shop tools and lots of salvaged parts to make it economical. The ones I've done have needed a frame alignment gauge, drop-out alignment tools, new shifters and new brake calipers (changing wheel size from 27" to 700c). I agree with the comment above about access to a bike co-op.