Why do the conversion just to sell it?

If you do the conversion well, you will spend much more than you will ever recover, as nobody on the private market will trust the work.

It is probably better to sell it as is and let the new owner handle all of the needed work.

I might be in the market for a 110, and am more than happy to strip, convert, and restore it when I get my hands on it.

-Nate