After about 4 hours of sanding this is what we have. The body is basswood (lime tree) so the top isn't especially pretty. I was hoping it would look better than it does, so I think
I may do a maple burl or birds-eye veneer on the top.
I was planning on doing an oil finish, but since the wood is fairly yellow, I will probably do a tinted oil. Somewhere between oak and mahogany in color. I think that will look nice with the maple veneer on top.
The headstock is actually maple, but again, not very attractive. So it will likely get a matching veneer.
Next week, the final sanding and hopefully a few coats of oil, at least on the back.