speedwolf, I'd recommend that you leave the refinishing of the frame till the bike is ready and on the road. As for finding out measurements etc, if you're not confident to do it yourself, take the frame to a bike shop and they'll be able to tell you what kind of BB you need, what size seatpost it takes, what spacing it has at the back, etc.
Chris: leave off, you big grumpy goof!
speedwolf, I'd recommend that you leave the refinishing of the frame till the bike is ready and on the road. As for finding out measurements etc, if you're not confident to do it yourself, take the frame to a bike shop and they'll be able to tell you what kind of BB you need, what size seatpost it takes, what spacing it has at the back, etc.