As for drying, some people do it differently (I believe GAWD says he paints his dip on with a brush to control it).
I should mention I do all of this in my basement laundry room, in the washing machine's disposal sink...
I use a brush (not a good painting brush, an old timer), but first I dip that sucker, right into the can, and swirl him and bob him a bit just to be sure it's gotten into every tricky recess.
Then I turn him upright...immediately some of the thick stain will begin to ooze off the model. At this point no matter what color you've painted him he will look like brown sludge. If you want to keep clean you should use gloves or an old rag but I just let the stuff get on my hands, although admittedly it's a bit annoying, like oil, to wash off.
I then control the dripping off the model by blowing on him, forcing more and more of the excess dip to slide down the side, revealing the shaded colors beneath. After it's settled after a couple minutes of blowing/shaking, I use the brush to soak up any excess pools of stain (particularly on the base...where all this stuff is gravitating down towards) so that it looks like shadows on the model and not puddles of liquid darkness. (the brown stains on the cardboard in the pic are from my wiping my brush)
After you're done he should look the equivillent like my guy here (if you're using the same grade of stain). I let him sit for a while, say 10 minutes or so, and check back in...some of the larger pools of stain may have recollected in this time as it makes its final adjustments. I soak them up with the brush as before and then let him sit overnight before matting him, then the painting is done.