About four years ago, I was in Guitar center, wishing I'd win the lottery so I could affort the Martin I was playing, I had a thought (not a frequent occurrance with me). I could either give up the idea of playing a good sounding guitar, or I could learn to make them.
Since I had no woodworking skills, no tools, and no time, naturally I decided to make one.
I've just finished guitar #2. As you can tell from the pictures, my woodworking skills are still a work in progress -- you could throw a cat through the gap between the heel and the body, the back isn't straight, and the finish work is primitive, to put it kindly. And if it weren't for Lillian's timely donation of a really nice piece of spruce to reinforce the soundhole the thing would probably have folded up like a book when I strung it.
The saving grace of the whole thing is that is sounds better than I remember the Martin sounding. Not that guitar center is a good place to listen to an acoustic guitar. Teenagers playing the first two bars of purple haze over and over at top volume on a mexican strat ensure that.
And I've learned an enormous amount about fixing mistakes. I may never be a good guitar maker, but one day I'll be able to hide almost any screwup.

Here is a list of the mistakes, at least, the ones I remember.
1) I didn't check to see that the back was aligned with the centerline before I glued it on.
2) I kept sanding the heel back, long after the tenon was hitting the end of the mortise
3) Using LMI's foolproof fretboard slotting template, I proved that the hadn't thought of a fool like me. I managed to cut two of the slots in the wrong place. A little sawdust and glue, and it is hardly visible.
4) I decided to trim the top to the sides after a long day at work. Using what I was absolutely sure was the flush cut bit on the lam trimmer (I was so sure, I didn't bother to try it first), I cut an inch wide, 16 inch long, 1/32 inch deep channel on the lower bout. Patching that was an adventure.
5) Because I like the look, I bound it with Cocobolo. I now hate cocobolo. I glued it in with very thin CA, which ran down the sides like water and glued the clamps to the wood.
6) I over-thinned the top: my skills with a plane are still a bit rudamentary...
7) Not satisfied with that, I proceeded to over-thin the bottom, too.

I haven't had so much fun in years!
There are two more in progress now: two parlor guitars for my grandchildren.
Anyway, enjoy the pictures -- they make the Martin on the flame thread look good

--Paul