What I found out was, the LFS instructions are out of date, or in places simply wrong. A lot of the linked-to packages simply no longer exist in the locations referenced, resulting in the user having to google the package names, and hope that the archives they find are complete and correct. As such, there are many false starts getting even the basics compiled, and that's before you even get to the chroot stage. After several hours of scouting around, and compiling the dependencies, I hit a fatal compiler problem with one of the correct packages which, not being a Linux guru, I couldn't solve. This left me with the only option of starting over, which I didn't do. If I had infinate free-time I would have kept working on it, but I don't, so the VM just sits on my server, abandoned.
I like the idea of LFS, but if you are going to present a tutorial on anything that depends on external resources, then that tutorial should be maintained so that as long as the end user follows the instructions, it will always work, all the time.
I might come back to it at some point, but not anytime soon.