Today I did my first frame up build. This build also included my first ever wheel build, and after the experience that I had, definitely not my last. Thankfully I had a great shop mechanic over my shoulder to help me through the process to understand why things were done a certain way, and to help me out when I made a mistake.
The only problem I ran into was while tensioning the rear wheel I rounded off a nipple due to not having the nipple properly seated in the spoke wrench. I also figured out that a small drop of lube between the nipple and rim makes a huge difference as far as the amount of effort required to turn the spoke wrench.
Below are some pictures of the almost completed build. I have a Black Shimano 105 front brake on, but I'm having issues with it grabbing more tire then wheel. May need to look into a long reach brake, and haven't received my reverse brake lever yet. I also have a set of Keo classics to throw on it, but haven't yet because I have misplaced my shop size park tool grease can (aaarghhh... going crazy without it, don't realize how much you use until you build all the time).
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... more to come shortly