*UPDATE*
Had a great time working on this over the weekend!! Here are some pics. I am going to buy some finer sand paper and some finish tomorrow.
Any inexpensive ideas for strings? I don't really want to get anything expensive as it will probably get beat up/frayed. Preferably something I can get in a spool, LOL.
Using my precision scale (2 - 5# sacks of flower and a 5# sack of potatoes in a basket) it pulls 15# at 16 inches.
Here are some pics:
Final timbering:

Testing draw poundage:

After a bit more roughing on the handle:

Close up near completion:

Thanks for looking guys. I hope this will be my first of many!! Any final tips or critiques would be greatly appreciated.
Skar