I bought a Philips frame off Craigslist for $60, and decided I wanted to build a fixie out of it. I have the frame and a quill stem so far. The bottom bracket has to be replaced because I don't have the cranks for it, and it's pretty old and probably junk.
What can I expect the cost to be? Where can I cut corners for cost now, then upgrade later?
Am I insane for wanting to take on this task? Should I cut losses and buy a good frame that's actuallycustom fitted for me if I want to build up a bike?