Thanks for the tips miamijim.
Things went well on this project. The day I listed the bike on CL a young woman put a WTB ad for a 48cm bike. Said she wanted to spend $100-$150. I convinced her and her parents that a spending a little bit more gets you 5 times more bike in terms of a quality frame and components.
I learned that here on BF of course. I sold it today and now I am out of projects for the moment. It's a bit weird not to have a couple of bikes in the queue.