Ok, I purchased some water based stain's and they finally made their way here today
I finished up staining the whole body with a subtle burst, from black to a redish brown to a lighter brown and it turned not too bad for my first time ever I am happy even though its not exactly shop quality.

Now on to more questions,
since it was a water based dye, the wood feels as if the grain is all raised again. Am I supposed to sand this back? Would this not take away some of the dye I just put in? or do I leave it
Secondly how long should one wait for the water based dyes to dry before moving on to clear coating?
And finally, I used Minwax wipe on poly for the neck and it turned out great, I was planning to use this for the body aswell however wanted to check and see if anyone knows if this wipe on polyurathane gloss finish will be able to go overtop of a water based stain?

Thanks again as always and Ill try and get some pictures up of the stain!