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@gregfriedrice
Hi LFGSS,
I'm just getting going building my first single speed bike, a budget commuter with all new parts on a Byercycles steel frameset:
http://www.byercycles.co.uk/Bikes/014-Byercycles.single.gear.frames.html
I've ordered the frame and I'm getting everything else together in the mean time. First thing to arrive is the cheapo crankset £27 from ebay:
Spec here:
http://pro-wheel.com/prowheel/node/348
More to come as the rest of the parts arrive.