I have actually used Water Based Cabots Poly and it virtually has no odour, cleans up with water and dries really quick so is good in a closed environment and have found it just as hard wearing as spirit base finishes. I used more coats than necessary, probably about 3 or 4 depending on thickness and surface roughness so I could polish to a gloss finish. I found the sponge rubber paint brushes gave a really good finish that needed little or no sanding. I have used Satin and polished to a gloss finish as it was all I had from a previous project. I never wet sand as I have found some Scotch Brite pads that I cut to use with my random orbital and hand sand what I cannot use the sander on. I have pads that are equal to about 2500 wet and dry which is way more than needed, in my experience. I then use cloth pads and a jewellers rouge either as a flat pad in my random orbital or as a cylindrical pad in my drill or do it by hand. I used to use a cutting compound but found if the compound had a wax in it, it was virtually impossible to patch fix a scratch or dint. Whereas using the rouge all I have to do is give it a rub with isopropyl alcohol and I am ready to paint straight away with no adhesion problems. Everyone here seems to keep to the same but I have found that not all that is done here fits all situations. I always do all my finishing then I route out my holes and that way I don't damage my polishing pads or sanding disks and don't have to worry about burning through my finish on sharp corners. I have found ways to protect my finish using newspaper, hand towel and thin slip resistant rubber mats. All this was found by using what I had and just being a little careful but I have had about 40 years of experience so have had a lot of trial and errors and will keep looking at new ways to do what I love doing.