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@mistertea
This will be a great learning curve/process for getting more familiar with your favourate method of transport, good luck!
I did the same thing as you're planning and bought an old Reynolds 531 Raleigh/BSA frame from a fella out in the sticks, resprayed it through armourtex and bought all components after many months of saving cash, research, research, forget, research, ask, research, order, repeat. I love riding it but still have a lot to learn, which I look forward to. Research your size if you want a comfy ride and what parts will fit where and how (Sheldonbrown.com, any forum - LFGSS I hear is good). You will need to buy a few tools too, but there is usually a homemade tool to evade having to go to a shop or buy the actual thing (headset press = threaded rod, large washers and nuts). Expect to screw up, but a lot is reversible (except using a rock as a hammer). Framewise: I say anything with nice lugwork. Have a shop.