Im going to paint a Squier strat and i have stripped everything out of the guitar and next im gonna strip down the paint to the wood. I need however to know what kind of paint to get to have a finish that will last and how many coats should i put on it?
check out the ultimate painting and refinishing thread, you'll find just about everything you need there.
For the type of paint, you can use stuff made for painting cars (like dupli-colour), and then you'll need to put some clear coat on top. For how many coats/further questions, direct your attention to the ultimate painting/refinishing thread, or the tutorials at projectguitar.com.