Jach...after you form an X when starting the wrap put your finger on the X and hold it there as you make 2-3 more turns letting the started wrap rotate under your finger....its hard to discribe but dont let the thread slip as you turn the rod. After you have got it started stop and tighten it up.

I don't use CP

I plan on two coats of finish. I use Flex Coat lite. After the first coat I shave off the fuzzies.

When applying finish I try to just put a little bit past the wrap...maybe a 64th, just enough to seal the end of the wrap.